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I thought about buying a coin recently, but then I realized, I don't think Bitcoin will ever be successful as an online currency. The process of buying into Bit
by Anonymous8202 13y ago
I thought about buying a coin recently, but then I realized, I don't think Bitcoin will ever be successful as an online currency. The process of buying into Bitcoin, and getting money out of Bitcoin is a complete disaster in my book. Everyone is looking at Bitcoin as an investment, and the only people putting in the effort to join are those aiming for financial gain.
My prediction is the price is going to rise, faster and faster in the coming weeks. The hype is still building, people are seeing these 20% gains overnight, and thinking they're going to get rich. It feels like a pyramid scheme, where the people already owning coins are going out and recruiting others to buy into Bitcoin, to raise the value of their own wallet.
Now, time for a wild guess. I say it peaks at 900-1,000 two to three weeks from now, then starts to level off. People get worried not seeing gains, and decide to start cashing out in time for the holidays. By the new year, under 300.
If I had a coin, I'd hold it until the end. As others have said, I think it's going big, or going to zero in the coming years.
- plumbzium 13y agoWhile it's very true that Bitcoin could use major improvements in general usability and user-friendliness, I don't know your location, but buying BTCs here in Poland is trivial - transfer money to bitcurex, buy and transfer coins out within 1-2 working days top.