I made a cheeky little website a few weeks back to give a quick answer to all the bitcoin naysayers, who are all predicting an imminent crash. I present: So, Has Bitcoin Crashed Yet?
Visit it at: http://www.sohasbitcoincrashedyet.com/
For what it’s worth, I’m a borderline-naysayer as I don’t think that Bitcoin is currently a viable, stable crypto-currency (and I’ve sold all the coins I purchased early in 2013). Bitcoin is currently used in the same way that stocks are, especially those that are heating up on a lot of hype and greedy palm smacking: it is purchased in fiat currency, held in the hopes of an increase in price and sold again, converting it back into a usable, fiat currency. For Bitcoin to be a currency, it needs to be used as a currency and not in the buy, hold, sell ways that we are seeing.
That said: you can probably make a quick buck, but if you’re worried of rumours about it coming crashing down in a crazy frenzy of selling, you’ll know where it stands.
