OK people, I posted earlier why you should not sell your bitcoins. Now is the best time in history to buy bitcoins. Actually last night was the best time but it's still not to late. The so called whales are making millions off bitcoins by selling short. But they don't want the value of bitcoin to stay low because they own a lot of them. They have manipulated the price for 2 reasons. One is because they made millions because they sold short. The other is because they tricked thousands of poor people into selling their bitcoins cheap. The cheaper they got the more fear that got put into the poor people, they are buying these up people, The more they get the more they will control the price. Bitcoins will be hard to come by in about 2 years and just like gold this is going to drive the price way up. Why is it going to be hard to get you ak? OK here is why,
Bitcoin is only going to permit you to mine 21 million bitcoin, we already have almost 18 million mined. As we get closer to the 21 million the difficulty gets harder to mine them. So by the time you get to about 20 million bitcoin it will probably take about a year to mine just one bitcoin. Many miners will drop out. If that is not enough then in a little over 2 years the difficulty is going to double. Remember that last time it doubled? If you were not around at the time then anyone will tell you it hurt the minors and all mining businesses only pay half what they did before the split. There is a clock you can watch that tells you when the next split will happen. Also there is a stat page that tells how many bitcoin has already been mined.Here is the link for anyone that wants to check this out.
The Bitcoin Countdown
http://www.bitcoinblockhalf.com/
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