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Lionel Laurent

Bitcoin And Friends Offer 1,000 Ways to Lose Your Money

What's the best crypto-currency? Who cares?
Creator SeongJoon Cho

There are 1,036 virtual currencies out there, from Bitcoin to -- no joke -- BigBoobsCoin. The price of almost every single one was down Friday morning. Bitcoin, the one that kicked off the whole shebang with its rigid algorithm to cap supply, hit its lowest point in two weeks before climbing back to about $14,000.

Is this the epic bursting of the bubble the bears have been waiting for? Not yet. The selloff certainly looks like a reversal of the herd buy-in that hit fever pitch this year. But, in absolute price terms, cryptocurrencies are only looking very marginally less insane.