Bitcoin will hit $50 this month.

[🏰 TradeFortress 🏰]

If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least.

[1714852867]

1714852867

[psybits]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

[molecular]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

Have you been with us in 2011?

I can imagine it going down. Huge bad news, continuous bad press follwing, add some panic and voila.

I don't think it's time yet, though. maybe when we reached $225 or $450.

[Endgame]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.

[oakpacific]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.

If you think about it, bitcoin itself is ridiculously simple to secure, though tedious.

[psybits]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.

If you think about it, bitcoin itself is ridiculously simple to secure, though tedious.

These are good points. I just hope the key players have taken the necessary precautions.

[piramida]

Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.

So split key systems are a total must. I only heard about split-keys from coinlab so far.

[grondilu]

I don't think it's time yet, though. maybe when we reached $225 or $450.

 

[BIGMERVE]

Seconded 

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.

You can also assume as the price goes up so does the incentive to protect your bitcoins.

[josiahgarber]

If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least.

I think it is hard to predict what will happen.  Bitcoin seems to me to be a boom or bust type investment.  Take the market cap of Apple and divide it by 21 million.  Kind of puts things in perspective.

[oakpacific]

Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.

So split key systems are a total must. I only heard about split-keys from coinlab so far.

Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado.

[Piper67]

Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.

So split key systems are a total must. I only heard about split-keys from coinlab so far.

Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado.

Armory is also coming up with a split key solution, apparently.

[Grouver (BtcBalance)]

If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least.

Thats what "they" said in 2011.

[Herodes]

Anything can happen. 

Some bad news with some of the big bitcoin companies, and the price could come plummeting down for instance.

[lebing]

Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.

So split key systems are a total must. I only heard about split-keys from coinlab so far.

Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado.

Yeah, because an NDA will stop someone from walking out the door and onto a plane with 50,000 coins. =P

[Rygon]

Yeah, $50 seems about right, following the trend from January and February.

[Odalv]

Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.

So split key systems are a total must. I only heard about split-keys from coinlab so far.

It is easy to print encrypted.

[samson]

Unless there's a few really big sell offs I think it could hit $50-55 on or before Tuesday 12th of March.

If it gets that high before then I would take it as a warning sign that the growth is out of control.

[psybits]

Yeah, $50 seems about right, following the trend from January and February.

Yes, but the real question is - when does it end? $100? $500? More?

[oakpacific]

Most big players are not holding much in hot wallets, so this part is secure. What worries me is cold storage. Afterall, it is a piece of paper. All it takes is one quick smartphone snapshot of the paper and boom, all gone. And when a big company and multiple physical locations are involved, too many people can have a brief opportunity.

So split key systems are a total must. I only heard about split-keys from coinlab so far.

Nothing too difficult, you just tear the paper in half, and put it in two secure storage places, also everyone has access to the storage place should sign a NDA. Doubt they will think it's something worth further ado.

Yeah, because an NDA will stop someone from walking out the door and onto a plane with 50,000 coins. =P

NDA is just an additional safeguard, besides, where are you gonna sell it, other than Gox?
PS: I think Magicaltux maybe the only one with access to the Gox key, and I don't think they use a paper wallet, an offline computer with access control is more likely.