It is unfortunate that all the useful features of bitcoin—decentralization, resiliency, anonymity, finality, censor resistance, and its ability to be used online—are twinned with price volatility. However, to write Bitcoin off this early in time would be premature.
JP Koning has worked as a writer and researcher in the financial industry for most of his career, focusing mostly on the stock market. In 2012, he bought his first bitcoins for $11, only to foolishly sell them for $96 (they are now worth more than $1,000). Koning continues to write about bitcoin and other monetary phenomenon at his blog Moneyness.
Posts by JP Koning
Part of Lake Charles, Louisiana, is gone.