Political Crossfire Forums

Who's predicting guys? The experts/people who want to manipulate you into jumping on the bandwagon so they can profit?

Who in their right mind is going to accept a made up digital currency for goods/services. Sure some will initially but the vast majority no frikken way.

There is no similarity whatsoever in actuality, and all of that did come to pass.

The DOW did hit 25K by and there have been tons of millionaires minted from revolutionary technical breakthroughs in the last decade. This progress has defined the last decade, despite a recession of historic proportion.

Back to crypto currency:
https://docs.google.com/viewer?url=http ... 13_317.pdf

Report from the Chicago Federal Reserve. Also recent senate hearings have been favorable to decentralized digital currency. Thus the recent interest.

FTC going big tomorrow but remember the value of diversity, Gentlemen!

Bitcoin will be banned in China after the officials make their money.

Although bitcoin is not a real asset nor is it backed by one it does have some intrinsic value as a currency that can be moved easily and quickly, and has alot of black market potential.

Bitcoin will eventually crash, however unlike stocks that are backed by something 'real' it is almost impossible to gauge where bitcoin will land. $1000 could be extremely overvalued and the prices might stabilize at $100/btc or eventually each btc might be worth 500k.

I think alot of the money entering btc is speculative right now and is fueling a bubble. I think when btc finally crashes values will range between $200-300/ btc based on numbers I have seen based on how much it is actually being used for actual buying/ selling on sites like silk road ect.

The more I read about Bitcoin, the more I realize people are insane.