And... Bitcoin's Down To $6,684
So yesterday I checked and the price of bitcoin was at $7,362. Well I checked right now and it's down to $6,684. My coworker told me that it dropped to that price earlier, but I thought he was kidding.
Well I don't know what happened, but now it's back at this low price. I really thought the price was going to start spiking up, but I guess we will have to wait to see if that will happen later.
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The value is going to fluctuate a lot right now because of the rampant scams and the fact that Internet juggernauts such as Google, Twitter, and Facebook are delisting anything cryptocurrency related right now.
This breeds concern for legitimate users and companies and causes the price to fall really badly.
The best thing to do is to pick a point and jump in if you are not already in then sit on it.
The first time Bitcoin hit $1,278 it was amazing. People were mad because they bought in at that high then it dropped to under $200. Now, if the people that bought in at nearly $1,300 had held onto their investment a few years then they would have been quite happy. Sadly, most didn't and they sold at the low, cashing out completely in many cases, and never looked back - probably using the near $20,000 high as more fuel to hate Bitcoin even.