by Jeff Berwick, Dollar Vigilante:
Things are really starting to go off the rails now. The End Of The Monetary System As We Know It (TEOTMSAWKI) is coming to a rapid, volatile end. It may not be this year but at this rate it would not surprise us if it was.
Many anti-bitcoiners like to point out the problem with bitcoin is that it is very volatile. And, they are right, it is an issue. Bitcoin recently flash crashed to nearly $150 and has now rebounded to over $200 as the Bitstamp exchange has re-opened without problem as we expected.
But bitcoin almost appears to be a beacon of stability compared to what is going on with the fiat currencies.
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