Silk Road forums

Discussion => Off topic => Topic started by: someanonymousguy on February 22, 2012, 10:40 pm

Title: The price of bitcoin
Post by: someanonymousguy on February 22, 2012, 10:40 pm
Is the recent fall in bitcoin price due to the closing of tradehill? If not, why's it dropped?

I'm not complaining, it happened just as I bought my first coins. Not sure if I should go all out and buy tonnes of coins now, is anyone else?
Title: Re: The price of bitcoin
Post by: MagicMan on February 23, 2012, 12:20 am
Short term speculation is difficult with Bitcoin, but long term, rewards waaaay outweigh risks, it's why I always try to keep a few hundred dollars in BTC at all times. It all depends on the strength of your nerves if you're in it for the short haul
Title: Re: The price of bitcoin
Post by: themessenger2 on February 23, 2012, 04:15 am
I lost money for the first time as well, but it's been hovering around this same price. Trying to decide myself if I want to stock up or wait.