Risks of Bitcoin

[Kiki112]

I sure hope it will be 3$ again soon, then use all the funds to buy more coins and just wait for value increase

I very much doubt it'll plummet down to $3 any time soon if at all, and if it did it would probably because there was obviously something fundamentally wrong with Bitcoin. You might as well jump on LTC or FTC or another crypto.

if such a thing ever happens it will skyrocket up again as everyone will want to purchase bitcoins for 3$ a piece..

[MethodMan]

I heard about Bitcoin a long while ago and I didnt really think it would get so huge. Oh well.

[K8Poker]

Everything has its own risk. Depends on how you are looking at this. If you mean if you buy bitcoin today will you face this risk that the price will decrease tomorrow, that's true. But if you mean if one day BTC will loose its value completely, I dont think this will happen because a huge number of people have accept this currency. The acceptance of a currency by people will give it value and will make it reliable and valid. 

[mavis369]

It is probably tptb that are interfering with the prices, they are running scared that we will not need banks. Something fishy is going on with the price decline of some coins.

[MatrixM]

I was convinced bitcoin would NOT rise to such high level as now ($800), particularly when the main trading place (MtGox) only can receive money, and do not return (almost).

[sk8bo]

No pain, no gain!

[PenAndPaper]

But if you mean if one day BTC will loose its value completely, I dont think this will happen because a huge number of people have accept this currency.

People are lining up right now for cheap BTC. And when i say cheap i mean 400$ - 500$ cheap  

[dziub_dziubek]

Waiting for the bubble bursting.

[timmyd]

bitcoin will never see 3$ again its up up and away from here

[mi1994]

I think at the moment it won't go much higher, so yes if you invest now there is a risk.

[stereotyyp]

bitcoin will never see 3$ again its up up and away from here

http://en.wikipedia.org/wiki/Tulip_mania

"As the flowers grew in popularity, professional growers paid higher and higher prices for bulbs with the virus, and prices rose steadily."

"Many individuals grew suddenly rich. A golden bait hung temptingly out before the people, and, one after the other, they rushed to the tulip marts, like flies around a honey-pot. Every one imagined that the passion for tulips would last for ever, and that the wealthy from every part of the world would send to Holland, and pay whatever prices were asked for them"

"People were purchasing bulbs at higher and higher prices, intending to re-sell them for a profit. However, such a scheme could not last unless someone was ultimately willing to pay such high prices and take possession of the bulbs. In February 1637, tulip traders could no longer find new buyers willing to pay increasingly inflated prices for their bulbs. As this realization set in, the demand for tulips collapsed, and prices plummeted—the speculative bubble burst"


So.. sure there are risks and history seems to keeps repeating itself.
Of course i would like to see BTC price going to replace current monetary system - but lets keep our calm

[PenAndPaper]

bitcoin will never see 3$ again its up up and away from here

http://en.wikipedia.org/wiki/Tulip_mania

I can only guess how many times the tulipomania bubble has been brought up during those 5 years of bitcoin.
Yet look where we are now   

[timmyd]

bitcoin will never see 3$ again its up up and away from here

http://en.wikipedia.org/wiki/Tulip_mania

I can only guess how many times the tulipomania bubble has been brought up during those 5 years of bitcoin.
Yet look where we are now   

I totally agree. i mean theres not much you can do with tuplips anyways. bitcoins will buy you a ferrari lol

[hilariousandco]

bitcoin will never see 3$ again its up up and away from here

http://en.wikipedia.org/wiki/Tulip_mania

I can only guess how many times the tulipomania bubble has been brought up during those 5 years of bitcoin.
Yet look where we are now  

I totally agree. i mean theres not much you can do with tuplips anyways. bitcoins will buy you a ferrari lol

The Tulipmania comparison is annoying for sure, but here's the thing; it is quite possible that at some point in the future Bitcoin will lose its value for whatever reasons. It could become worthless or worth very little quite quickly or on a gradual decline, and if it does, all those naysayers will spout "I told you so". USD or GBP could tank quite easily or lose its value quite quickly, especially with banks printing more and more money willy-nilly. Paper fiat money is just a piece of paper at the end of the day, just like Bitcoin is bits of code and currencies are only ultimately  worth what people are prepared to pay or purchase with them.

[PenAndPaper]

It could become worthless or worth very little quite quickly or on a gradual decline, and if it does, all those naysayers will spout "I told you so".

It should become worthless like a bubble for those guys to speak "I told you so". If for example it becomes wothless because of a fatal technical flaw that has nothing to do with bubbles and tulips. After all if it becomes worthless the naysayrs will be the least of our problems 

[ireczek]

high risk=high profit

[niothor]

What goes up must come down.
Just get out of the way when it falls.

[WayTooGosu]

If you are planning on investing now, it is likely you may see a loss as a crash is imminent.

[corr256]

we'll have a tons of cryptocurrencies soon. that's all