Quote from: schmokel on May 11, 2013, 05:20:40 PM

Quote from: xavier on May 11, 2013, 04:57:09 PM

Quote from: BubbleBoy on May 09, 2013, 08:38:12 AM

Never. The bitcoin experiment has ran it's course and will be replaced by better, more scalable, more stable, faster cryptocurrencies. Those left holding bitcoins into 2015 waiting for the next bubble will be the last suckers standing.

THIS

Since the bubble burst, we are in a long term bear market, ending with bitcoin eventually going to $0. Any short term rallies from here on are bear traps, beware!

My view is with BubbleBoy, the bubble has burst and is not coming back. Sorry guys. Anyone who bought high and is waiting, reduce your holdings dramatically now whilst we are in a short term bull market.

Bitcoin has had it's glory days. It will be replaced by something.

Once again we are in a bear market now. I predict further price declines over the coming weeks and monrths with the price eventually falling below $50 and eventually to $0. However, keep watching the cryptocurrency space for something better to emerge. Bitcoin has led the path to the future, but the future will not be bitcoin.

This. BTC got millions of people thinking about cryptocurrencies. In that respect, it was a resounding success. However, I agree that it will be replaced within a few years. I'm not sure what will take its place, but it will feature more de-centralization, less susceptibility to KP injections and 51% attacks, and (most importantly) will be readily convertible to some useful form to give it a minimum level of value. Currently, it requires more faith than fiat. Time will tell.

It's not in any way a foregone conclusion that Bitcoin will fail. Bitcoin could evolve into it's own replacement.

That's up to the dev team though.