66% pullback in price this weekend. This certainly isn't a market for the fainthearted.
My probability distribution looks something like 90% chance of going to 0 and 10% chance of going to multiple hundreds of dollars.
My downside is limited to having paid market price for 2 video cards and a power supply if bitcoins go to zero. My friend just built a mining rig with three cards for around $650. I tried to talk him out of it but the concept of free money seems to override people's ability to make cost benefit analysis.
At its lowest, it hit the price it was at on 7th June, right?
We've started a habit of creating periodic Bitcoin threads to confine discussion thereof to those threads and prevent excessive proliferation of Bitcoin topics in the discussion section. Here is a link to the last one, which links the other discussions. Lot's to talk about, and another bounce in Bitcoin's value (up to 33 then down to 24), so share your links and thoughts!