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Originally Posted by jscott
Have you come to your own opinion, or just piggy backing on bank-backed editorials?
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I absolutely came to my own opinion. I was answering the direct question in the OP:
Quote:
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i want to know if you had $50k will you be investing in Bitcoins or in not
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So I said No, I think it's over. And I do think it's over...
I'm not suggesting that I think it's gonna disappear completely, or anything along those lines, and I'm not suggesting that people won't be able to make a profit day trading in it, but as for putting 50k into it... My answer stands.
I have watched the value of my own coins drop to half of what I paid for them, but luckily I also sold enough at the right time to cover my original investment and make a very small profit.
So the coins I still have are worth half what I paid for them, and I seriously doubt that they will recover to their original cost. That said though, I'm still hanging on to them (as they are effectively free for me) but I don't expect them to recover - So no, I certainly won't be putting a further 50k into it
