Any Bitcoin investors here?

[GypsyPilot]

BTC now over $1,000 on Mt. Gox. Even Litecoins are at $26. Just a few weeks ago they were less than $1! Crazy. When will the bubble pop??

 

[mikecweb]

BTC now over $1,000 on Mt. Gox. Even Litecoins are at $26. Just a few weeks ago they were less than $1! Crazy. When will the bubble pop??

It's virtually impossible to short which is probably the only thing keeping it aloft.

 

[GypsyPilot]

It's virtually impossible to short which is probably the only thing keeping it aloft.

I think you can now short it on Bitfinex.

 

[mikecweb]

I think you can now short it on Bitfinex.

Interesting

 

[z987k]

So my understanding is this is/was supposed to be a currency for use online. How on earth do you use a currency so volatile? I mean if I was a merchant I could set a price for say an xbox one at .50 bitcoins, but 30 minutes later, the USD equivalent might be 5 bitcoins. So... if the currency has no purpose outside trading it for tradings sake... does it remotely have a future?

 

[mikecweb]

Saw a big dip earlier today but has since recovered.