Short-term:
- Things are crashing hard this Summer. The media bubble has faded. We might see ourselves at $80 again. Even $30.
Long-term:
- Gold is going to recover. Hidden economic trouble is brewing. 'nuff said.
- The NSA has full control of Bitcoin through holes in SHA-256 and DSA that the mass of the public has yet to find. The whole blockchain might find itself worthless within the decade.
It was fun but Bitcoin is going to need a judgement day before cryptocurrency can become mainstream.
Here's my prediction: Bitcoin is going to be blown apart. The price will go to zero by 2020. To those looking at this from the future: I told you so.
http://www.guardian.co.uk/world/2013/jun/09/nsa-whistleblower-edward-snowden-whyQ: Why did you decide to become a whistleblower?
A: "The NSA has built an infrastructure that allows it to intercept almost everything. With this capability, the vast majority of human communications are automatically ingested without targeting. If I wanted to see your emails or your wife's phone, all I have to do is use intercepts. I can get your emails, passwords, phone records, credit cards.
"I don't want to live in a society that does these sort of things
I do not want to live in a world where everything I do and say is recorded. That is not something I am willing to support or live under."
Q: Is it possible to put security in place to protect against state surveillance?
A: "You are not even aware of what is possible. The extent of their capabilities is horrifying. We can plant bugs in machines. Once you go on the network, I can identify your machine. You will never be safe whatever protections you put in place."
i like the selling your btc part to lock profits. but your gold prediction part remains to be seen. i hate predictions, especially when nobody really knows whats going on except for the insiders.
btc going to be at zero by 2020? that's a big maybe. but until then, what will replace btc? so far nadda. btc is here to stay for now.