Watching the bitcoin ticker (http://bitcointicker.co/#) you can see the tug-of-war bgoing on between people who are trying to pull the price lower and those who are trying to maintain it. Over the last few hours it's been a complete trainwreck, millions of dollars disappearing every few minutes and so on.
OK, you could watch the currency markets do this for real money all day but most of the time they trade on fundamentals. Watching a currency crisis unfold is a lot more interesting.
Unrelated: I see redditors are handing out 1:1 sympathy tips in DogeCoin.
Comments
Watching the bitcoin ticker (http://bitcointicker.co/#) you can see the tug-of-war bgoing on between people who are trying to pull the price lower and those who are trying to maintain it. Over the last few hours it's been a complete trainwreck, millions of dollars disappearing every few minutes and so on.
OK, you could watch the currency markets do this for real money all day but most of the time they trade on fundamentals. Watching a currency crisis unfold is a lot more interesting.
Unrelated: I see redditors are handing out 1:1 sympathy tips in DogeCoin.