Post
Topic
Board Economics
Re: This week has given me pause: I'm getting out of BTC
by
mgio
on 30/05/2013, 21:27:41 UTC
I've thought the same but I don't think it is time to cash out yet.

I am watching things very very closely though, and might sell some coins at the hint of more bad news re the US govt going after bitcoin.


What gives me faith, though, is that the bitcoin market did not budge at all, and in fact went UP after the LR press release.

It is possible bitcoin will survive this and come out stronger.

We'll end up with exchanges that do things the "right way" (according to the US govt) from the start and it will be easier for investors to buy and sell bitcoins than it is now.

The transition will be difficult in the meantime as we see some exchanges go under and new ones gain in popularity to take their place.