Re: The future of Bitcoin

Im exited as i saw a thread from the owner of megaupload and he is coming with a new project related to bitcoin, this thread has raised my expectations about bitcoin on the next year, if bitcoin achieves more people, milions extra people demand and supply will start working at bitcoin, and price will raise fast and keep stable.

The price would surely rise when the community gets new investors in a large number but i guess it wont be able to make the price stable, because if new investors buy bitcoin which will make it rise on the other side a lot of people will sell their coins when they see a rise so that will not let it be stable.

but with the number of auctions conducted that the steps taken by the investors to buy bitcoin cheap, hopefully hackers will not be using bitcoin so the price can easily go up.

For the bitfinex exchange hack, the bitfinex has reported to law enforcement, so there is a possibiity that the hacker will be caught.

It might take ages for the police to catch the thief. If they catch him, it will also take time to get the bitcoin back.

though they wouldnt catch him for sure, thieves are usually really smart and they try to be as anonymous as possible

That's true because if he was not smart he cannot hack a big exchange site, I can imagine this guy is already in bahamas now dating some chicks and spending the coins of the grieving people.