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geneusutwerk  ·  4320 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin loses 44% of its value in one day. Dropping from over $250 to around $150

I can imagine bitcoins as a currency, but it is really hard for me to imagine it is as a commodity. Commodities need some sort of underlying value (currency doesn't) and bitcoin doesn't.