Post
Topic
Board Speculation
Re: Damn, any day this should pop below $300
by
smoothie
on 30/12/2014, 21:26:16 UTC
I'll say this, when I actually used bitcoin I was never happy about the slow times to transfer coins. The constant fees being charged to covert to other coins. I won't talk about the money I lost at mt. gox but luckily I made money with NXT coin to make up for that loss.

I felt like I was constantly paying fees to exchange sites.

I didn't like the how bloated bitcoin has become, especially when I had to download the blockchain that was very large and growing rapidly.

I didn't like having any money sitting on the exchanges. I didn't trust the safety of my wallets with all the malware out there today.

None of these fears I have with holding stock and USD cash. Easily exchangeable to any other currency in the world with no fees.

I just don't see bitcoin taking off. It had its popularity with china, which I never expected china to allow it to flourish like it had.

Anyone trying to invest in bitcoin now are really taking a huge risk. If you want to speculate with digital currency then buy into another coin.

So people should take you seriously given you lost money at mtgox? If you couldn't see that scam/blackhole coming not sure you can see much. Bitcoin may go below $300 but there isn't a coin that will replace it any time soon. The network effect is too strong given the first mover advantage.