BitCoin and Cryptocurrencies - Will they fail? My 3 Predictions!

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For all the Bitcoin holders, time to get the Corona's out :cool: I think all my posts on BHW for the past 5 months have been on Bitcoin lol


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Everyone has their own convoluted opinion. So here's mine.

Get in if your gonna get in or stay out if your gonna stay out. End of story.
 
TheKingGeek said:
My only hope now is for it to crash and new comers start selling like crazy due to panic
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I dont think so. Cause it will hit around $2000 - $10,000 by next 2014

More mainstream.. more +UP! +UP!

Since it hit $1,000, people start to using mBTC = $1.00

BTC = $1,000
mBTC = $1.00
 
Well time to start mining some LTC and hope for the best! lol

PinguSpy said:
I dont think so. Cause it will hit around $2000 - $10,000 by next 2014

More mainstream.. more +UP! +UP!

Since it hit $1,000, people start to using mBTC = $1.00

BTC = $1,000
mBTC = $1.00
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Kinda good, but probably a risk. Since none shop accepting LTC yet.
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I am accepting Litecoins
Also, now is the time to buy namecoins and Litecoins, everyone with Bitcoins should go to namecoins, huge earning opportunity there
 
SkyrocketSEO said:
I am accepting Litecoins
Also, now is the time to buy namecoins and Litecoins, everyone with Bitcoins should go to namecoins, huge earning opportunity there
Click to expand...

There's no point in buying another crypto-currency. Bitcoin is expanding due to the network effect and is the most widely accepted cryptocurrency there is. The other coins are mainly rising in value because of BTC-E and the pump and dump strategy the big investers are using. The main use for them is to correct any bugs in the Bitcoin infrastructure. If you want to buy BTC buy mBTC because one mBTC is only a dollar right now.
 
PinguSpy said:
Kinda good, but probably a risk. Since none shop accepting LTC yet.

But my friend already bought 5,000LTC when the price is $9.00
And in just 2 days it hit $27 already according to http://coinmarketcap.com/

WTF
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What about if I start buying $200 worth of Bitcoin every week? Do you think this is a good strategy?, I think it will be better than nothing but I'm not sure.
 
TheKingGeek said:
What about if I start buying $200 worth of Bitcoin every week? Do you think this is a good strategy?, I think it will be better than nothing but I'm not sure.
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Just buy it all at once, you'll get more coins that way (If the price doesn't drop)
 
What place you guys recommend for buying LTC?

I am thinking to get into this game ASAP.
 
I have to admit, I never thought BTC would reach $1000 this year.

Congratulations Guys, I still stand by what I have said previously (for now at least) but I am really happy for you all.

[h=1]Bitcoin virtual currency breaks $1,000 mark[/h]http://www.bbc.co.uk/news/technology-25120731

[h=1]The Magic Number: Bitcoin Prices Top $1,000[/h]http://www.wired.com/business/2013/11/bitcoin-one-thousand/


Oh, and don't forget to back up your wallets:
[h=1]The Bitcoin bungler - a salutary tale[/h]http://www.bbc.co.uk/news/technology-25120902
 
oxonbeef said:
I poo poo'd the idea of bitcoin when they first appeared and I still have my reservations.
Look how quickly they took down Liberty Reserve.
I still wouldn't bank on it.
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I always thought the IDEA was great but still think it is an experiment that will fail eventually.
The bubble that has been created by investors and speculators will not be sustainable.
Hopefully a cryptocoin will be viable one day but people who are investing at the moment still don't really understand BTC but are just seeing the massive gains.

Anyway even though I hold these views I am still pleased that some members have made a nice return.
I just hope they will get out at the right time. People think BTC is a Liquid Asset but I see Liquidity Risk.
 
W130SN can you recommend the company for buying Litecoins.

I checked btc-e.com but a friend made me some doubt about that website.
 
shaggy93 said:
W130SN can you recommend the company for buying Litecoins.

I checked btc-e.com but a friend made me some doubt about that website.
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The easiest way to buy litecoins is to buy bitcoins and trade them for litecoins. Thats how 80% of ppl do it. And they mostly use btc-e too
 
shaggy93 said:
W130SN can you recommend the company for buying Litecoins.

I checked btc-e.com but a friend made me some doubt about that website.
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I haven't purchased any LTC so can't advise you. Somebody else will give you their opinion, I am sure.

Here is a list:

[h=3]Market exchanges[/h]

Source: https://litecoin.info/Service_Directory#Market_exchanges
 
I mined some LTC when the difficulty was still low last summer and I am gonna sit on them for a while.

W130SN said:
I haven't purchased any LTC so can't advise you. Somebody else will give you their opinion, I am sure.

Here is a list:

Market exchanges



Source: https://litecoin.info/Service_Directory#Market_exchanges
Click to expand...
 
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