Tbh does anyone feel like bitcoin has too much competition and the world is against it? I bought bitcoin when it was 250 and sold when it hit 900 before hitting all time highs @ 1200. I kinda want to get back into the game but idk if its lost its momentum.
So much speculation is also coming from everywhere. I read negative articles that cite slow failure: http://www.panture.com/bitcoin-will-slowly-fail/
And also positive articles that make bitcoin look like its not going anywhere: http://www.theguardian.com/technology/economics-blog/2014/feb/25/bitcoin-will-survive-despite-mtgox-offline
Im worried about investing in it again, but Im willing to take a risk. With the irs calling it out though and saying its not a currency is something that really worried me though. I dont think the govt will allow the coin to take over. Does anyone else feel fear in their gut? I enjoyed being in the game but idk if now is the best time to get back
So much speculation is also coming from everywhere. I read negative articles that cite slow failure: http://www.panture.com/bitcoin-will-slowly-fail/
And also positive articles that make bitcoin look like its not going anywhere: http://www.theguardian.com/technology/economics-blog/2014/feb/25/bitcoin-will-survive-despite-mtgox-offline
Im worried about investing in it again, but Im willing to take a risk. With the irs calling it out though and saying its not a currency is something that really worried me though. I dont think the govt will allow the coin to take over. Does anyone else feel fear in their gut? I enjoyed being in the game but idk if now is the best time to get back
Why worry about the long term for now?
Just get in and essentially day trade!
If you watch your step you will profit.
My $.02.
The BTC prices have been really stable lately, I am not sure I would recommend daytrading to people who have just bought in, in the end you always end up losing a good amount now and then.