Hey Everyone,
I just wanted to start a topic that I'm sure has been discussed and possibly beaten to death. But for me, there's nothing like starting a new thread
I want to know what everyone else wants to know... what could the future worth be of BTC/LTC ?... especially now, as we speak, the BTC is taking a fairly big drop. Currently sitting around $560. I understand in the lifecycle of BTC, there's going to be ups and downs, and I believe we could be entering one (down).....Entering the end of the xmas shopping season/slow period and the Chinese somewhat declining BTC. However, I should state... I have a lot of confidence in BTC for several reasons... aside from it just making sense to me and a non centralized currency for the people... but another big one is it's use in shady areas of business. Not saying I support or participate... but when I think about it... a currency that has anonymity.... there will be and is a demand for that! I don't support those industries at all, but good things have come from illicit industries. DVD's would never have existed if it wasn't for the porn industry!
Anyways... because of BTC limited number of 21 million, could we be entering a supply/demand market? In other words, as we near its cap, could the price be driven strictly on supply and demand? Cause if so, I have a lot of faith in that.
Personally I believe BTC will be considered a legitimate currency (if not already). Here in Canada, we have ATM's and stores accepting BTC's. It's just a matter of time until a large retailer or another large bank accepts it, increasing it's demand, driving that price higher than we've ever seen. no? So for me... I'm gonna keep mining and see what the end of the rainbow holds.
Your thoughts are encouraged.... But please no unrealistic and time-wasting conversation
Thanks and happy holidays!
