Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
There is no use trying to convince me that bitcoin can survive more then couple of years, before it will get eaten by competition. To me it sounds like, when someone is the first to struck oil, and then no one else on earth will drill for oil any longer, because someone else already did it. Creating the perfect digital currency will soon be the holy grail to everyone who consider them to be geniuses at software engineering.
I CANNOT disagree with you, here. It is very possible that there is going to be an improvement on bitcoin that will undermine bitcoin... but that is in the future.. and maybe even, as you say, two years or so. At the moment... bitcoin is pretty damn good... and bitcoin is "the one" to invest into b/c it is the direction of the future. However, if a better "one" comes along 6 months from now, one year, two years or even longer.. at that point, it is very possible that we could transfer our investment from bitcoin to that other "one." Accordingly, what's the problem... Invest in bitcoin now, and when that other better one comes along, then move assets into that other better one... NO problema.
waiting for more cheap coins 
When is this going to happen, and how low is it going to go... I would like some more too in the coming week or so... and then thereafter we can be on our moonward journey...