Bitcoin may not survive after this...

[ElCubano]

From the Wallstreet Journal today:

"Tyler Winklevoss also described Sunday's arrest of a prominent bitcoin entrepreneur as a "speed bump" for the fledgling industry."

same article. I can also pick and choose what sounds good for my argument. Again, wake me up when something really happens to stop the choo choo train.

 

[drownpruf]

BTC will hit 1900-2000 before the year is up.

 

[Pekelo]

BTC will hit 1900-2000 before the year is up.

I doubt it will even reach the previous highs, but if so, it would peak at 1600ish....

Too much competition and the possibility of a bitcoin killer coming along...

 

[drownpruf]

I doubt it will even reach the previous highs, but if so, it would peak at 1600ish....

Too much competition and the possibility of a bitcoin killer coming along...

A touch of 1900 is almost a foregone conclusion. BTC has no competition. The barrier to entry is too high.

 

[Pekelo]

BTC has no competition. The barrier to entry is too high.

You never heard of Litecoin (currently $20), which reached the evaluation of Bitcoin 2 years faster? (LTC's all time high was $48, bitcoin needed 4 years to reach that)

How about dogecoin that started out as a joke but has 30K subscribers on reddit? And the barrier to entry is minimal by the way...

There are over 50 altcoins, about 5 of them with actual values...and at least 2 of them with better features...

 

[newguy05]

You never heard of Litecoin (currently $20), which reached the evaluation of Bitcoin 2 years faster? (LTC's all time high was $48, bitcoin needed 4 years to reach that)

How about dogecoin that started out as a joke but has 30K subscribers on reddit? And the barrier to entry is minimal by the way...

There are over 50 altcoins, about 5 of them with actual values...and at least 2 of them with better features...

I will say again, you are a fucking idiot.

ps I own all 3 coins.

 

[drownpruf]

You never heard of Litecoin (currently $20), which reached the evaluation of Bitcoin 2 years faster? (LTC's all time high was $48, bitcoin needed 4 years to reach that)

How about dogecoin that started out as a joke but has 30K subscribers on reddit? And the barrier to entry is minimal by the way...

There are over 50 altcoins, about 5 of them with actual values...and at least 2 of them with better features...

lol. but anyone can build an online retailer to compete with Amazon.... and how is WMT online doing?

 

[drownpruf]

You never heard of Litecoin (currently $20), which reached the evaluation of Bitcoin 2 years faster? (LTC's all time high was $48, bitcoin needed 4 years to reach that)

I own ~$40k in LTC, so yeah, I've heard of it.

The popularity of BTC resulted in LTC reaching $48 two years faster. LTC wouldn't exist, nor would the others, w/o BTC paving the way.

 

[newguy05]

I own ~$40k in LTC, so yeah, I've heard of it.

The popularity of BTC resulted in LTC reaching $48 two years faster. LTC wouldn't exist, nor would the others, w/o BTC paving the way.

$40k in ltc? that's a lot! i only have a few $k invested in ltc, figured if ltc is going up that means btc is going up so rather store most in btc. LTC still has no buildout except a few small exchanges.

 

[drownpruf]

$40k in ltc? that's a lot! i only have a few $k invested in ltc, figured if ltc is going up that means btc is going up so rather store most in btc. LTC still has no buildout except a few small exchanges.

I'd have more if I could find a decent dealer that had a worthwhile CFD for BTC so that I could trade both ways.