Bitcoin 5 years from now

[Mikerogers]

Tbh does anyone feel like bitcoin has too much competition and the world is against it? I bought bitcoin when it was 250 and sold when it hit 900 before hitting all time highs @ 1200. I kinda want to get back into the game but idk if its lost its momentum.

So much speculation is also coming from everywhere. I read negative articles that cite slow failure: http://www.panture.com/bitcoin-will-slowly-fail/

And also positive articles that make bitcoin look like its not going anywhere: http://www.theguardian.com/technology/economics-blog/2014/feb/25/bitcoin-will-survive-despite-mtgox-offline

Im worried about investing in it again, but Im willing to take a risk. With the irs calling it out though and saying its not a currency is something that really worried me though. I dont think the govt will allow the coin to take over. Does anyone else feel fear in their gut? I enjoyed being in the game but idk if now is the best time to get back

Edit: I think the article writer on Panture just wrote it to talk negatively in order to buy Bitcoin, now he's saying it will work lol http://www.panture.com/virtual-currencies-can-work/

[g4c]

I read negative articles that cite slow failure: http://www.panture.com/bitcoin-will-slowly-fail/

Probably written by someone waiting to buy in.

And also positive articles that make bitcoin look like its not going anywhere: http://www.theguardian.com/technology/economics-blog/2014/feb/25/bitcoin-will-survive-despite-mtgox-offline

Probably written by someone who has just bought in.

Im worried about investing in it again, but Im willing to take a risk. With the irs calling it out though and saying its not a currency is something that really worried me though. I dont think the govt will allow the coin to take over. Does anyone else feel fear in their gut? I enjoyed being in the game but idk if now is the best time to get back

A trade on momentum at this stage is a pretty good bet, looking at entire price history.

Set threshold like if BTC rises by >=20% within 10 days then buy.

A lot of people want to ride again, as does the greedy monkey in you.

edit: oh yeah, screw news about IRS, people don't think about school work when riding roller coasters.

[Mikerogers]

Yeah its weakened a lot, but I like to buy on momentum. Bitcoin seems like the future of currencies but with so many govts against it in one way or another its hard to know whats gona happen with its price. I feel like as long as the internet is alive and well, currencies like bitcoin will grow.

I may start with a small position and add slowly, it seems like it might bounce back

[Polycoin]

Bitcoin 5 years from now...Let me look into the future on my crystal time seeing Orb.

I see...I see many people turning..turning against Bitcoin! There will be a revolution!
Bitcoin will be overthrown by the hands that dealt it up.....

I also see..the masses will turn to Polycoin! Polycoin will rule over all cryptos!
The whole world will adopt Polycoin..

This..This is what I see.

[Mikerogers]

Bitcoin 5 years from now...Let me look into the future on my crystal time seeing Orb.

I see...I see many people turning..turning against Bitcoin! There will be a revolution!
Bitcoin will be overthrown by the hands that dealt it up.....

I also see..the masses will turn to Polycoin! Polycoin will rule over all cryptos!
The whole world will adopt Polycoin..

This..This is what I see.

Honestly I see Bitcoin as the leader, if it falls I dont see any other currencies taking its place unless they have some special feature BTC doesnt

[LostDutchman]

Tbh does anyone feel like bitcoin has too much competition and the world is against it? I bought bitcoin when it was 250 and sold when it hit 900 before hitting all time highs @ 1200. I kinda want to get back into the game but idk if its lost its momentum.

So much speculation is also coming from everywhere. I read negative articles that cite slow failure: http://www.panture.com/bitcoin-will-slowly-fail/

And also positive articles that make bitcoin look like its not going anywhere: http://www.theguardian.com/technology/economics-blog/2014/feb/25/bitcoin-will-survive-despite-mtgox-offline

Im worried about investing in it again, but Im willing to take a risk. With the irs calling it out though and saying its not a currency is something that really worried me though. I dont think the govt will allow the coin to take over. Does anyone else feel fear in their gut? I enjoyed being in the game but idk if now is the best time to get back

Why worry about the long term for now?

Just get in and essentially day trade!

If you watch your step you will profit.

My $.02.

[ThirdRenaissance]

So much speculation is also coming from everywhere. I read negative articles that cite slow failure: http://www.panture.com/bitcoin-will-slowly-fail/

His #3 is complete nonsense.

[pizza_lord]

I think $500 is pretty much the bottom. Good time to buy.

That's just my 2 satoshis though.

[LostDutchman]

I think $500 is pretty much the bottom. Good time to buy.

That's just my 2 satoshis though.

I raise you 10 My $.02 and call.



My $.02.



P.S.:

You are 100% correct!

[mycoin25]

I think $500 is pretty much the bottom. Good time to buy.

That's just my 2 satoshis though.

The only people who can do that right now are Satoshi and Keeples
Possibly Pirate and Tradefortess but the first two are unlikely to do that
Satoshi since why would he now
Keeples can't being watched to much

[btcpay86]

the price of BTC now is lower. we can keep it for 3-5 years.

[InsertUsernameHere]

I think $500 is pretty much the bottom. Good time to buy.

That's just my 2 satoshis though.

This^^

[Swordsoffreedom]

The ethereum project a concept right now and the Mastercoin project should be well underway so levels on top of the current bitcoin network will probably enhance and diversify it away from other crytpos.

That said their may be a differentation model and first gen alt coins like the ones presently will be super seeded by a handful of second gen coins with enhanced features like the ones mentioned above

it will be an interesting five years

Five years ago bitcoin was just an idea and not the revolution in finance it is today five more years and this period we are looking at now could be the 1990s internet innovative in its own right but something that can be built upon and improved to look like todays internet in comparison

[IIOII]

Im worried about investing in it again, but Im willing to take a risk. With the irs calling it out though and saying its not a currency is something that really worried me though. I dont think the govt will allow the coin to take over. Does anyone else feel fear in their gut? I enjoyed being in the game but idk if now is the best time to get back

If you're worried even before investing, don't do it. You won't have the mental strength to hodl.

Btw.: Bitcoin value shouldn't be measured in USD, instead USD should be measured in Bitcoin, because Bitcoin is free money.

[timecoin]

the price of BTC now is lower. we can keep it for 3-5 years.

Now the price is highest when is relatively low, but compared to other virtual currency price much higher.

[berone]

Now the price of bit coin is quite low, we can buy more coins.

[lnternet]

The block reward will be 12.5 BTC.

[cococoin]

But will every shop in the world accept it? I mean I heard people buying tesla cars with merchants with bitcoin but I dont see it going too global. Not to be pessimistic but aren't the majority of countries against it? I just hope Bitcoin will stop getting trashed on by high lvl govt officials and be left alone for people to decide its value. But back to my main message, I noticed the author on Panture.com (look at my first link) citing market cap as a problem. I never heard of this as a problem and it is weird that it has been suggested. Any thoughts on that? (I never heard of a market cap posing as a prob for anything)

[vnvizow]

Only thing we can do is wait and have faith

[ebliever]

I just bought another bitcoin. There is no "bottom" to bitcoin, because like anything else, more bad news can drive it down. But the upsides are much greater than the downsides, and bitcoin has been hammered pretty hard since Mt. Gox failed. The ongoing development of ATM's, businesses accepting it, better software for it, and so on should all drive growth.

Keep in mind that the amount of bitcoin exchanged each day is small compared to the total supply, so it only takes a small number of bitcoin holders to react to news like the China rumors and drive the price way down. Since there is not a lot of cash sitting in online accounts, ready to instantly deploy to purchase bitcoins, the price can move very quickly in a downward direction when lots more people than usual want to sell and there are not a corresponding set of buyers with cash ready at hand.