Wednesday, November 14, 2018

It took a lot longer to unwind than I thought.

Just last night Mr S and I were talking about bitcoin.

Him - I never hear about bitcoin anymore. It never shows up in my feed.

Me - that's because it's been remarkably stable It ~sorta~ is a store of value. But it's been trading in the 6400 dollar range. You can't really make money off it now. That's why no one talks about it. And people tend to like to make money off of money.

But I still don't get it. Even your worst savings account is doing better than bitcoin. Even if you are just making pennies in interest.

Next day (today) it's in a complete downdraft.

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