Originally Posted by Fedaykin
Ehh, no sorry. A bitcoin is an entirely virtual contsruct. Has no value, no use, indeed it doesn't actually exist as anything other than an idea.
At least gold and silver have a use. Or other physical things that might be used as currency.
The system has been compromised when massive impact can be had on the value of the Bitcoin. Doesn't matter if it's just one exchange.
No reason to believe it can't end soon. It's an extremely risky bet to jump on the bitcoin wagon. Even the creator says don't buy bitcoins with money you can't 100% afford to lose. It's an experiment. An interesting experiment that could prove very useful, but still an experiment.
If you have money to burn, go for it. If you're trying to make a real investment, do it with something else. Some people are going to make a lot of money. Most people will probably lose it all.
I agree with this.
Some people are going to make a lot of money. Most people will probably lose it all.
But not this. It's speculation, possible but at this point speculation.