Quote:
Originally Posted by Paul
TBH I don't see this as the peak, or anywhere near the peak for that matter.
Bitcoin is only starting to get mainstream attention. With any speculative bubble (Ponzi Scheme) it crashes dramatically once you run out of suckers to invest, this thing is just getting started IMO 
It'll be interesting to see if the Bankers get involved, once you start seeing it discussed daily in the media and front page headlines about Bitcoin, that'll be the time to cash out or when the taxi driver starts talking about how Bitcoin is a good investment LOL 
Granted if I had bought Bitcoins around $1 or $2 I'd be cashing out 95% of them and laughing my way to the bank right now. |
i'm with you. this will blow over, the price will settle to who knows where, i'm pretty stunned it's staying at $140~ for not only, what, a week now, but coming back after the attacks.
but, yes, exactly eh, real bubbles take years to develop, drunk post so i'll make a prediction-
this will settle to some degree, the hype will hit again for btc, rinse and repeat until
1.most the coins are mined in 3.5 years, which i would think lessen the craziness and then we can all see if it can work as a currency
or 2) a serious security breach fubar's the whole thing totally or 3) wall street/the government fubar it.
so a few more years, which is pretty quick eh.