I am pretty new to bitcoin and love the idea behind it. I have attempted mining on an old android device I had laying around but I was only able to max out at about 572kh/h which earned me absolutely nothing after a month of it running straight. So I think I'm going to need to better equipment if I am planning on mining in the future. I would only hope I can get a hold of at least 1 btc and just hold on to it for several years and pray that it increases in value. I would hope that it passes 1000 and goes to 40,000 like some articles I've read predict.
This is my first post here and I look forward to learning and participating in this great community.
My first post too. Opened an account at CampBX this spring. Parked a little over $100 right after the price collapsed. Was waiting for a good entry point under $100 per BTC. Tried logging onto CampBX two weeks later and account log-in changed by someone else (at CampBX). No phone # for support; opened tech ticket which hasn't even been addressed yet. Didn't respond to BBB complaint. Ripped off. Nevertheless, I have amassed over 60 BTC at Coinbase and other wallets and 85 LTC and growing....
I wouldn't be surprised to see it hit over $1k on this move over the next couple months. The reasoning is the ludicrously small valuation. I don't think "float" is an issue as it can be infinitely split. Also, it is hard to get into (and out of). When a stock moves, momentum chasers can almost instantly move money into a stock as they already have stock market accounts. The movements on highly speculative stocks are quicker. With BTC, however, there could be a delay as it takes days to open an account at Coinbase or move money to Bitstamp etcetera. People who vaguely know of BTC or follow it but haven't bought any yet and don't want to meet strangers at a coffee house to buy BTC see the price moving up, hear about it on the news and the time of the breakout is delayed.
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