If it's worth saying, but not worth its own post (even in Discussion), then it goes here.
Notes for future OT posters:
1. Please add the 'open_thread' tag.
2. Check if there is an active Open Thread before posting a new one. (Immediately before; refresh the list-of-threads page before posting.)
3. Open Threads should be posted in Discussion, and not Main.
4. Open Threads should start on Monday, and end on Sunday.
I don't know why someone would believe it couldn't happen. The price of bitcoin is determined exactly like stock prices and subject to the same variations based on the same reasons.
The growth of the bitcoin market is below expectations so people sell their bitcoins to monetize their earnings so the price drops. That's economics 101.
No, not at all. Buying stock gives you a legally recognized claim on the company's assets. Companies are rarely valued below their "book value", just the price of everything they own (in cases where this happens it usually means that the market thinks the management will waste these assets before someone pries their hands off them). Bitcoin gives you a legally recognized claim on... nothing.
Even if you think of Bitcoin as a... (read more)