http://www.zerohedge.com/news/2013-...rises-could-it-become-global-reserve-currency Why am I reminded of the PM adage 'If you can't hold it you don't own it' though?
Read the comments at the bottom of the piece - some startling info in there... esp 1BTC = 310oz of gold (well, in theory it's possible, anyway) Anyhow, what I think everyone seems to forget is that because it is a unit of currency it'll ultimately become controlled by the same megalomaniacal organs & individuals who determine how fiat currencies work - and who control those markets. BTC is, despite all the hype, destined to become just another target of their control - and control it they will.
I think back to the guy that paid 10,000 BTC for a pizza... at today's Gox price that's an AUD$3,580,000 pizza. I hope like hell it tasted good!
Crazy - same pump & dump in the offing as the dotcom era - I sold all my tech shares on 14th March 2000 and made a packet - but on Btc I was and am totally too late. What goes up must come down - so anyone in there right now must be getting itchy fingers on that sell button...
Absolutely! It can't go vertical forever! I have been selling a bit here and there as we go up. You don't want to be the one too greedy.
Just depends how much more money will get pumped in from China. Someone has to lose out here, just don't know when.
Looking back in a few months time, I think what we are seeing currently will likely just be a small blip on the bitcoin chart...
