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April 10, 2013, 02:23:35 AM |
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because of the skyrocketing value. I decided to buy in this much at $90 9 days ago and its taken forever to add funds doing verification etc.. I have lost a lot of potential profit! I still want to buy as a medium term investment, I feel if its usage becomes mainstream and if Italy and Spain exit the Euro it may hit $1000 a coin. This time last year
I bought at $4.50.. now its in the 200's.. I am bullish about these gains continuing.. If it is increasing in value by %100 in a week, (which seemed to me to be driven significantly by the raid on Greek banks and high levels of media coverage) I think the fundamental state of the world economy is heading for greater trouble in the future, possibly leading to extreme growth of the market size. If it ends up matching the value of fiat currency then hypothetically it could still have 1000's of % value increases ahead.
Having said that it could crash overnight, so I don't think it wise at all to invest more than one can afford to lose.
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