There is alot of volatility in Bitcoin. Im not certain it will I am however hopeful. I've been watching it for over 2 years now. Its been a roller coaster for sure.
Some unrelated things have caused it to crash have been resolved. With anything highly volatile there's great risks and great rewards.
I kick myself for not getting more involved earlier on. But had the 10 dollar coins I could have bought gone to 20 or 50 dollars I would likely have sold my position.
I think wider adoption will be a key motivator in the broader fiat value of the coin. A common but misunderstood philosophy is the coin itself is more valuable than fiat. I recognize this. I tried explaining this to my friend who kind of refuses to understand much of anything yet argues simply on the merits of having a point. I told him to put his money where his mouth is. He's since shut up now that Mt. Gox is trading at above historical levels.
So, in short I am going to work very hard at simplifying the coin and hopefully broadening the market that accepts it. I really feel bad for late coming miners duped by the asics that are now readily available and essentially killing the mining scene.
Some unrelated things have caused it to crash have been resolved. With anything highly volatile there's great risks and great rewards.
I kick myself for not getting more involved earlier on. But had the 10 dollar coins I could have bought gone to 20 or 50 dollars I would likely have sold my position.
I think wider adoption will be a key motivator in the broader fiat value of the coin. A common but misunderstood philosophy is the coin itself is more valuable than fiat. I recognize this. I tried explaining this to my friend who kind of refuses to understand much of anything yet argues simply on the merits of having a point. I told him to put his money where his mouth is. He's since shut up now that Mt. Gox is trading at above historical levels.
So, in short I am going to work very hard at simplifying the coin and hopefully broadening the market that accepts it. I really feel bad for late coming miners duped by the asics that are now readily available and essentially killing the mining scene.