705
« on: August 06, 2011, 01:54 pm »
I wonder if the btc will make a steady decline. With mybitcoin issues, the mt gox problem. other sites that have been hacked, etc. Not a lot of faith in the btc system. Also, everyone that has purchased the btc in the past month lost about 1/2 the value or so. So it will put a bad taste in those peoples mouths, they may never try it again.
I was thinking that it might be a good investment to actually put some money into btc. In the past, it has always bounced back or gone up a few btc after a tumble. But, i feel this time may be different. Anyone with a brain realizes that the sr has a lot to do with the btc price. Why would anyone go out of their way to buy a very unstable currency to purchase everyday things?
While I think that there will always be a use for the btc, i dont think, however, that it will sustain even an 8 dollar/bitcoin.. It might slide to pre gawker prices, which I think were below 5 bucks per. and thats were the btc will likely be for a considerable time.
Im just thinking outloud. What do you guys think? do you think we have seen the last of 15/btc day? I think so. granted it may make a spike to that level, but i think it will over around 2-3 btc to the dollar or even worse.
If sr (heaven forbid) ceased to exist, I bet the btc would be worth pennies. Im betting that the btc will stablize around the 10 dollar mark.. Which wout be great... I just want some stability. this jumping up and down is getting ridiculous. Whatever it does. I just want it to stop jumping...lol