We are doomed.
Why are you so optimistic saying it will be 100 USD? According to my higjly accurate calculations it will drop at least to under 3 USD within a month.
This is perhaps the most resilient currency that has ever existed, lol. Lets put this in to perspective.
- Apple bans Bitcoin Apps
- Chinese and Russian state ban
- BTC is painted with the same brush as black market drug dealers through silk road
- Bitcoin is red taped
- MT Gox - The Bitcoin equivalent of Wall Street suspends trading
- Transaction malleability announced
- DDoS attacks
And here we are Thursday 13th of February 2014 12:05pm and 1 Bitcoin = $655.8
er you may have a point.i've made my 41 btc on mining with an oct juptier knc 555gh...so i'm probably good for ROI at $173.94 btc or above
my question is if i gamble long term....and buy some btc on mtgox for the stupid low rate and really don't care if it takes 6 weeks to xfer it someplace else or whatever
assuming my premise above that this is a panic and tech issues will be fixed etc
is this a plan ?
OR does
www.mtgox.com take 2 weeks as i've heard to take a wire xfer and then you get the BTC at that price..not the price when you made the buy
or again this is dumb cause mtgox is gonna go belly up and i'd lose my $$$
again noob on trading ...all my funds so far are mining looking at this as a panic long term hold ...after any purchases i make
anyway muck me up on the logic of any of this or the wisdom of buying low on mtgox....(assuming with DDOS attacks that is even possible on any exchange)
thanks for the help in advance
Searing