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I have created an account to buy bitcoin and will buy 1 share when it drops to say 800.
I think it can go to several thousand before it would go to zero. Also the 800 is less than half my profits taken on Twitter so basically Cramer-like mad money.
Why do people think bit coin can go to several thousand dollars or higher? What's the theory behind that speculation?
It seems to me that once you reach $1,000, the average retail investor tends to stop buying. That's why you see large companies like master card announce a 10 for 1 split, so that the stock can be a cheaper buy.
Why do people think bit coin can go to several thousand dollars or higher? What's the theory behind that speculation?
It seems to me that once you reach $1,000, the average retail investor tends to stop buying.
I was following CNBC's B.K. with a mad money investment. I applied for an account on the website and waiting for my account to be activated. Beek thinks it will go to zero or it will go to a few thousand. There are people using the bitcoin and accepting it.
No magic formula, risk $800 to make 2-3-4 times.
I was following CNBC's B.K. with a mad money investment. I applied for an account on the website and waiting for my account to be activated. Beek thinks it will go to zero or it will go to a few thousand. There are people using the bitcoin and accepting it.
No magic formula, risk $800 to make 2-3-4 times.
I've heard several articles stating it could go to $100,000 or even $1,000,000.
I also think there is a psychological barrier...even though you can buy bitcoin in fractions. 1/10 a bitcoin,etc.
It seems like once it got close to the price of gold it went down again.
As of right now its at $872..but it had gone over $1000 and then all the way down to I believe $600.. https://coinbase.com/charts
Why do people think bit coin can go to several thousand dollars or higher? What's the theory behind that speculation?
There isn't any aside from it's a "shiny" new thing. The funny thing is that Bitcoin's success will probably be it's undoing. As the mining become prohibitively more expensive in energy costs, people will turn to other virtual currencies.
could another type of Internet coin soon replace bitcoin.?
I heard now lite coin will replace bitcoin.?
no, bitcoin has too much name recognition going for it. litecoin could compliment bitcoin. the problem however is you can buy bitcoins with cash, card, bank account but to buy litecoins or other coins you basically have to buy bitcoins first and then go to a market ot buy litecoins. this means you have to buy bitcoins to buy the other coins which still props up bitcoins.
some people cliam theres glitches or problems with bitcoins but nothign bitcoin cant address themselves and fix no need for new coins
Why do people think bit coin can go to several thousand dollars or higher? What's the theory behind that speculation?
It seems to me that once you reach $1,000, the average retail investor tends to stop buying. That's why you see large companies like master card announce a 10 for 1 split, so that the stock can be a cheaper buy.
people said bitcoin would never hit $100, $500, $1000. whats to say it cant. there's a limited number of bitcoins out there. libertarians and others want something which isn't being devalued by the government printin too mcuh. which cant be tracked. many plusses to bitcoin. $1000 isn't out of my price range as an individual you dont have to be a fortune 500 company to buy i just dropped 5k on bitcoins the other day all be it on a dip so nowhere near $1000.
i agree though unless you can spend them more easily its going to be more speculators. what they need is basically a chip or credit card that can spend your coins. they have them but they are about $130 way to much to be practical however surprisingly they sold out at that price.
There isn't any aside from it's a "shiny" new thing. The funny thing is that Bitcoin's success will probably be it's undoing. As the mining become prohibitively more expensive in energy costs, people will turn to other virtual currencies.
if mining was easy everyone woudl do it and they wouldn't have value. also there's only so many bitcoins out there.
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