Quote:
Originally Posted by Slava
Lest anyone think otherwise this is a total bubble. That chart showing the parabolic rise in value is all you need to know to recognize that fact.
|
I totally agree. The recent Cypus situation is almost entirely the cause for the jump, with the announcement from the FCEN being only a minor factor.
The bubble will almost certainly burst, which is part of the reason for posting this. I know there are some CP users who have bitcoins laying around, and this would be a good time to dump them, IMHO.
The only realistic expectations anyone should have from bitcoins is at least as an interesting application of a the power of distributed computing, or as an interesting hobby. This isn't a way to make money, by any stretch. The most you could reasonably expect, is to break even, but only if you are mining with efficient and cheap equipment, on low or non-existent power costs.