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Old 04-11-2013, 07:54 PM   #54
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Join Date: Aug 2005
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Originally Posted by Arkie View Post
That's usually how short term trading works. The most you can lose is 100% of your investment. Those who bought bitcoin at the beginning of the year are up 1000%. That's still short term. Long term, I see bitcoin going to either 0 or 10,000+. That's still a great risk/reward payoff. The last time bitcoin crashed it went from $31 down to $3. This time it has to fall from $260 to $26 to see the same drop. Next time it could fall from $2000 to $200, but I doubt it will have the same volatility in a few years.
But it's not remotely how a currency works.

It will remain volatile as long as it is traded as a commodity. It has to be indexed to it will be just another worthless dot com play; volatile with unsustainable valuations and no substance to fall back on.
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