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A comment on Is Bitcoin surge driven by paid-publicity (similar to US election story)?. Parent comment

Re:Is Bitcoin surge driven by paid-publicity (similar to US ... by drcross on Friday December 08, 2017 @10:34AM (#15879357)
>A good product for what, exactly?

Since its inception it's an exceptionally good store of value over the medium to long term.

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Re:Is Bitcoin surge driven by paid-publicity (similar to US ... by wpietri on Friday December 08, 2017 @10:43AM (#15879427)
Not quite. Bitcoin has been an excellent bet. The economic notion of "store of value" requires stability, but Bitcoin is definitely not stable. Just today it fell 10%, and nobody would be surprised if it were to drastically exceed its previous peak next week.
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Re:Is Bitcoin surge driven by paid-publicity (similar to US ... by polynomial on Tuesday December 12, 2017 @02:05PM (#15908428)
> nobody would be surprised if it were to drastically exceed its previous peak next week.

Apparently CBOE would be somewhat to very surprised.

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Re:Is Bitcoin surge driven by paid-publicity (similar to US ... by Tepix on Friday December 08, 2017 @10:37AM (#15879375)
It used to be a decent currency, it stopped being that a couple of months ago.
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Re:Is Bitcoin surge driven by paid-publicity (similar to US ... by kgwgk on Friday December 08, 2017 @10:54AM (#15879526)
Following the peak 4 years ago it was 80% down after 1 year, 50% down after 2 years and had not yet recovered after 3 years... it doesn’t look so exceptionally good as a store of value.
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