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The real problem here is the notion that bitcoin is a currency. It really isn't. It's a virtual commodity much like gold, with similar properties save for the fact that gold is physical and bitcoin is not.
So, investors lost virtually nothing at all...
How is it that Google posts a $7Billion+ loss and the stock rises $30+ and Apple posts record profit yet the stock drops $50? That is just absurd!!
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The real problem here is the notion that bitcoin is a currency. It really isn't. It's a virtual commodity much like gold, with similar properties save for the fact that gold is physical and bitcoin is not.
So, investors lost virtually nothing at all...
How is it that Google posts a $7Billion+ loss and the stock rises $30+ and Apple posts record profit yet the stock drops $50? That is just absurd!!