Joe has found a place for Bitcoins, and if you hold a lot of them, you won't like it.
Bitcoin Has Been Getting Obliterated
Courtesy of JOE WEISENTHAL, Business Insider
Remember Bitcoin?
There's not much to say about it, except that it's doing TERRIBLY.
Here's a chart going back to earlier this summer. Charts don't get uglier than this.
Interestingly, the Bitcoin industry continues to be quite excited about the prospects for the digital currency, and there continue to be announcements about expanding its potential usage. But for now: toilet.
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Here's a clearer 3 month chart from Coindesk:
Click here to see other time-frames.
