***--BitCoin's--***

Hello everyone and I hope you're all doing well!

So, after the recent $28 million dollar BitCoin seizure and after BitCoin's hitting an all time high today, what do you think of the future for BitCoin's?

Do you think they'll continue to increase in value or decrease over time?

Do you think they're currently a good investment? After all you're giving up your money for a digital currency not backed by anything.

Do you think the value of BitCoin's jumped only because of the $28 million dollar seizure or because of people realizing the value of this fairly new digital currency?

BitCoin's are becoming more & more popular amongst users and I think it'd be a good idea to exchange ideas about BitCoin's here along with methods used by those to earn BitCoin's (Mining). Any thoughts, input or ideas are welcomed!

Veyron

It'll probably end up the same as e-gold sooner or later.

someone know where I can buy bitcoins with CC and get them in real time without waiting 3-4 days??

zx123 said:

someone know where I can buy bitcoins with CC and get them in real time without waiting 3-4 days??

Click to expand...

You can google BTC-Dealer, I actually just made a purchase from them the other day for $15 worth of BTC. The sad part is that I had to wait 3 days because LiqPay froze it. I've used LiqPay before for using credit card transactions and this is something LiqPay does at random for security.

Canada is getting the first Bitcoin ATM.

My theory is that it is overated.

Bitcoin like currencies that are already available on the market will pick up steam and hence bitcoin eventually will lose its strength.

zx123 said:

someone know where I can buy bitcoins with CC and get them in real time without waiting 3-4 days??

Click to expand...

I did a quick Google search for you and found this site:

https://btcquick.com

Veyron

yep, but all these need to prove your identity. I need just a site where I put my CC code and they send me bitcoins in minutes. If they have less fee is more good

zx123 said:

yep, but all these need to prove your identity. I need just a site where I put my CC code and they send me bitcoins in minutes. If they have less fee is more good

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Why do you bother verify identity ? If buying BTC with CC is so easy as you want it to be, imagine a lot of scammers will buy a lot of BTC with the stolen or hacked Credit card details.

I once said that 1BTC will be worth $5,000 and I'm still staying true to my statement

just a random speculation backed by no statistics

shanna_doll said:

I once said that 1BTC will be worth $5,000 and I'm still staying true to my statement

Click to expand...

Bitcoin is probably overated and eventually will lose its strength.

You can make short term gains with BitCoin but for the long run I bet it goes down with value and they start generating more
on the market to make up for what was seized. I still do not know how the hell they can seize it since they could just replace it in the
market and regulate it.

shanna_doll said:

I once said that 1BTC will be worth $5,000 and I'm still staying true to my statement

Click to expand...

It won't reach that high, something really big (I mean BIG) has to happen for it to have a sudden spike and reach $5k. Yes BTC keeps growing but there's a limit to it, for example BTC has been growing and growing, and has received a drop (Possibly due to the 28m seizure?), it will always go up and down, as of now it is a VERY UNSTABLE Currency.

If you REALLY want to profit a lot from it, you can invest 5-7 digits into BTC, or make your own BTC Gambling site (Requires start up BTC). Some sites, for example Prime-Dice is banking pretty good from their gamblers, you can make games etc, casino is always in profit at the end of the day. I've seen a guy profit like $50k from PD though, risky.

I think BitCoins will be regulated and the FEDS will take their cut in taxes, then it'll become mainstream currency.

bartosimpsonio said:

I think BitCoins will be regulated and the FEDS will take their cut in taxes, then it'll become mainstream currency.

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Who is the actual regulator and owner of BTC? My though was it was set up and self regulates itself and how many coins can be
produced or mined.

Bitcoin is nowhere close to its peak. There will be some regulatory hurdles ahead, but they can not shut it down like e-gold because there is no central authority. As more and more people learn what fractional reserve banking is, Bitcoin is going to shine even more. It may only be a speculative value, but so is gold. Gold's industrial costs are about $200/oz and the rest is pure speculation.

Expecting numbers in the quad digits is a sensible guess. Nobody controls it, they can not be created out of algorithm pace, and everyone can send or receive. The feds may try to regulate Bitcoin, but other countries may leave it free and unregulated like China has already declared they will do.

I'd like to say that Bitcoin has gone through 2 waves. The first wave started in 2009-2011 with companies like MtGox and blockchain.info and others, the second wave was Bitinstant coinbase and others, but this third wave of companies is already prepping with full regulation compliant business practices, and a set of lawyers in case of any issues.

Digital currency is will be huge in the future, whether it is Bitcoin or something else, but the world is definitely moving to a cashless society and more electronic means of transferring money. And Bitcoin being used only as money is like 10% of what it can be used for. Smart properties, wills, escrows, derivatives, bonds, so much more already programmed into Bitcoin from the start.

I have day traded bitcoin for a while now. I have bitcoins for sale if anyone wants to buy some. I would only sell to reputable members here and not newbies.

Veyron said:

Hello everyone and I hope you're all doing well!

So, after the recent $28 million dollar BitCoin seizure and after BitCoin's hitting an all time high today, what do you think of the future for BitCoin's?

Do you think they'll continue to increase in value or decrease over time?

Do you think they're currently a good investment? After all you're giving up your money for a digital currency not backed by anything.

Do you think the value of BitCoin's jumped only because of the $28 million dollar seizure or because of people realizing the value of this fairly new digital currency?

BitCoin's are becoming more & more popular amongst users and I think it'd be a good idea to exchange ideas about BitCoin's here along with methods used by those to earn BitCoin's (Mining). Any thoughts, input or ideas are welcomed!

Veyron

Click to expand...

BTC is a very unstable currency and yes the 28mill dollar seizure had an effect on the btc rise, and with the mining difficulty increasing every day i wont be surprised if it rises even more. And it was a good investment for those who bought ASIC miners a couple of months ago but now i am not to sure because as i said its a pretty unstable currency and the mining power that is required to make a profit from it is getting larger so are the expenses for mining unless you live in a country with cheap electricity.

MadStacks said:

You can make short term gains with BitCoin but for the long run I bet it goes down with value and they start generating more
on the market to make up for what was seized. I still do not know how the hell they can seize it since they could just replace it in the
market and regulate it.

Click to expand...

Short term ? Tell that to the guy who bought 25$ worth of pizza with 10,000 BTC`s which are now worth aprox 2.000.000$ ...So yeah, no body knows where BTC will be in the future.

Link to the original thread : https://bitcointalk.org/index.php?topic=137.0

shanna_doll said:

I once said that 1BTC will be worth $5,000 and I'm still staying true to my statement

Click to expand...

Maybe some day who knows, as long as there are miners and a good demand for BTC the value should increase. BTC can not die out as easy as everyone thinks because it has no central authority to control it and also the russians would never let that happen because there are some people that are banking HUGE on this.