Discussion in 'CryptoCurrency' started by JuggernautJukey, Feb 12, 2014.
No, but Dogecoin will.
Bitcoins rose to an all time high in the past couple of months due to publicity. It is always possible for the prices to rise again and even be higher if the demand will come back. It's just a matter of time that mining won't be an option because all the coins would be in circulation. I wouldn't get your hopes up because that won't happen for awhile. Hold them for a few years and maybe you will see a positive return. You should have sold out when they were the hottest thing on earth.
^ This...although I am a little bit biased
it will come time when more countiries will block it and it will fall down a lot.
you are better off trading alt coins based on the price of bitcoin. You are still not too late to get into the dogecoin race. With bitcoin at a low trading average you should see dogecoin jump up another 100 points. Doge is also the only coin (besides litecoin) with enough liquidity within the market.
Don't trade coins with little to no movement like coin "42" and Lotterycoin
I don't think Bitcoin, in our present time is a good investment. Governments don't look favorably upon Bitcoin, and one major country (USA, Britain) outlawing BTC will cause a MAJOR fall.
People still use Bitcoins in 2014? I heard that if you try to travel by time machine into the stone age people still use Bitcoins to buy stuff there.
Everyone uses DogeCoin now!
The price is falling right now because of Mtgox. After that bullshit is over with, the price should rise again.
better invest in other cryptos for now - http://fuk.io/cryptocurrencies-to-invest-in-right-now/
Anywhere you can short digital currencies?
As the world recession reaches another cycle people will
start putting their money back into cash.
It's the same with gold. People invest in gold in times of crisis and
cash out after. It will only take one run on bitcoin and it will hit the
A lot of the major forex platforms allow you to short digital currencies. I have an account at 2, and both allow you to buy and sell both bitcoin, and litecoin!
Dogecoin and Vertcoin is the future...
If you look at the fundamental cause behind the drop in price you could logically conclude that it will rise again.
Bitcoin will go up in value if it's adopted by the masses and used as currency in more places. A lot of that potential is already baked in, but it's still early in the game.
In my opinion, Vertcoin has the most upside right now. ASIC-resistant, no pre-mine, and a really strong Reddit community at /r/vertcoin. Way less than 1/1000th of Bitcoin's market cap with stronger fundamentals as a coin.
Look at the primary backer of bitcoin. Alot of them are running illegal trades. And they require a currency like this to facilitate their transactions. In fact, bitcoin is the perfect currency for those that run illegal trades as it allows them to make payment and receive payment easily. With a high demand and limited supplies (bitcoin is limited), do you think prices will get higher?
Also, Bitcoin is especially useful for countries that impose currency controls like China, Vietnam, just to name a few. There will be strong demand to exchange this currency in return to freedom to moving their money out of the countries. The corrupted Government officials from China will be using Bitcoin as one of the tool to move their money out of China without issues.
There will be challenges that cause price volatility.. as they figure out how to prosecute fraudsters, criminals, etc.. and as they stop being run by MTG people it will get better and better. I think there's a good market to be exploited in the anti-government crowd as well... any fringe industry. As vendors accept BTC the price will go up and up.
It is not easy for authority to clamp down ecurrency as compared to fiat currency. This is all government in the world is trying to find a solution to stop people from using it. However they do understand that this is a fruitless attempt as there are simply too many commoners who are fed up with raising inflation and the rich getting richer. Bitcoin will eventually evolve into something different but this seems to be the technology that will stay for the next decades.
Ouch you invested in Bitcoin for $540
yes it will hit 10k but it will not be the standard crypto currency of the world, it will eventually die off but for the meantime its a great opportunity to make some money, just be sure of be aware of the market at all times so you can cash out before its too late. Anyway i think that LTC its a better option than BTC right now, i predict that LTC will stick around as the official small crypto currency
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