Quote from: lumierre on April 10, 2014, 04:16:24 PM

Quote from: CoinRocka on April 10, 2014, 11:41:55 AM

Quote from: ParabellumLite on April 10, 2014, 11:38:18 AM

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much.

this is bullish...

Exactly the indicator we are waiting for.

BUY BUY BUY Cheesy