Quote Originally Posted by MattSmith View Post
The market is currently volatile, I agree. And it will remain that way until it gains a much higher market cap, the more money in the space the more it will stabilize because big hands wont be able to do as much damage. Large hands often manipulate the markets to their financial benefit at the moment, and to prevent that there has to be more money on the order books of the exchanges. Not a huge deal though, I think any price you buy at under $150k bitcoin is a good price. My price point may seem stupid, but keep in mind what I've already stated about the current market cap being so low, some large US companies are bigger than all of Bitcoin's market cap right now.. A single company.. As adoption takes place more and more in other countries that need the technology, as the US really doesnt NEED IT, and more investors dump their pockets into it. We'll continue to see spike after spike, both up and down in the price until eventually in the 6 figure range per Bitcoin.
Thanks for the insight.

I remember back when I was considering it originally, it was worth about £600 (If I had to guess that was probably about $1000 USD back then) and they seized some bank or something in China and it dropped down to £300 because of it. I was pretty convinced at the time that it was way too risky. Obviously based on it's value now I was completely wrong but I think I still feel the same way about it despite that.

I don't think it's for me but I can definitely see the appeal of it.