Quote from traitor786:
I like the idea behind bitcoin. I briefly looked in to it for something else. If I understood right, there is no new currency added. Unlike money.
It's really a good idea but i think you just have to watch out for the press. Chances are, we came across it when it was more talked about. This would mean we saw it at a high.
So just watch for your entry, make sure its not being hyped at the time you buy it (remember its not a stock or commodity) exposure means popularity which should mean high price.
Couple of problems (from what i remember i understood of it.
trading means working with strangers with large amounts of cash. This can be limiting as it is a test, splitting your orders in small chunks may result in predictability of your volume requested. after a long period of this, people can get start to get ideas. this is for face to face trading.
lack of traders,
and I'm a bit worried that the idea get copied and maybe improved. In this case we could see a % of user start selling to use the new service lowering price,
but like i said i thought about it and didn't like the risk so didn't go deeper in to it. Id really like to see a chart. Its been a long time since i last saw it and maybe now the press is a bit quiet.
