Post
Topic
Board Economics
Investing In The Bitcoin - Advice
by
jbgc
on 19/06/2011, 04:47:22 UTC
Hey Everyone,

I am not a bitcoin miner but I do support it and want to invest in hopes of making some extra $$$.  I've been watching the bitcoin price rise and drop over the week and I am unsure when to buy.  Before I do though, I have a few questions:

1.  Where do you see the price of the BTC by 2013?  (BTC/USD)
2.  Is it stable enough now or could the bitcoin system easily crash and turn into nothing?
3.  If you personally had $10,000+ to spare, would you invest it in bitcoins?
4.  Is it going to reach $1000/btc eventually or is $15-20 (current price) pretty much the standard price now?
5.  When would you buy?  Now?  In a week?  Explain.

Any advice/help/opinion is welcome and thank you in advance!