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James Howells searches for hard drive with £4m-worth of bit coins stored. filter_list
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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. #11
With the value jumping up and down, it's a gamble to buy Bitcoins. The value of James' Bitcoins could easily drop in a few days. It's unpredictable.
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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. #12
Bitcoin actually have a pretty solid upward trend. Log scale of the last 2 years to show the average.

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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. #13
OOOH... I feel bad for this dude Sad

Hope I had that shit Wink
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BACK UNDER YOUR BEDS
TRY TO GET A GOOD NIGHT'S SLEEP NOW


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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. #14
(12-03-2013, 01:54 AM)w00t Wrote: Bitcoin actually have a pretty solid upward trend. Log scale of the last 2 years to show the average.

Overall? Yes. However, nobody wants to be there when the value drops. And if you look at the graph, it does drop.
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Telegram: Oni_SL (Link)

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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. #15
(12-04-2013, 01:29 PM)Oni Wrote: Overall? Yes. However, nobody wants to be there when the value drops. And if you look at the graph, it does drop.

But after all the drops it raises. But there will be a time were it doesn't rise again.

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RE: James Howells searches for hard drive with £4m-worth of bit coins stored. #16
(12-04-2013, 02:45 PM)Lux Wrote: But after all the drops it raises. But there will be a time were it doesn't rise again.

That's a slightly contradictory statement. The time when it 'doesn't rise again' is more or less unpredictable, the events that could encourage such a thing could happen at any given time. That leads back to Oni's point of how it's a gamble, because it could theoretically plummet overnight - but you won't know until it happens. Though that rule of thumb does practically apply to any stock investment, which is what Bitcoin pretty much is.

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