Sure, regs could give the masses confidence. But it's hard to speculate without knowing what those regulations might be.

Current aml regs already deter those who wish to remain anonymous. You have to send in 2 forms of ID to use the big exchanges. If exchanges like local bitcoins get shutdown, will those anonymous people get verified and use the big exchanges? I don't know and that's the situation I'd be worried about.

The guys who want anonymity (they will always be able to have it with cryptos) are a drop in the bucket compared to the big funds and heavies who are on the sidelines for now.

People who think that being able to move cryptos to fiat anonymously is a big part of the appeal...well they don't know jack.

Huh?

8char

$1.952.19c

got you

You aren't Scarlett that used to work at Falcon are you?

yea that matters - good point



:helpme

$32

......

yeah but you'd need 1/100th of the amount of coins to show the same $$$ profit..

My guess is lots of ups and downs over the years, but I'm going to say around $75 in five years time.

If bitcoin does well, then that is where it should settle. Anyone who wants cyrpto currency to become a real thing needs to understand in order for that to happen it has to first off settle and not be so volatile (stay steady in its price), and it also has to settle at a realistic price (one that is relevant for it to be used as currency).

fair nuff

I vote that it's still around but on the fringes and worth around $0.2 - $1 per BtC - it will be replaced with something else.

Gotta name an exact price to play my man.

Put you down for 51 cents since Double Trouble already got fiddy :thumbsup

JFK's in on the blow bang - $0.00

Maybe $0.01

we got a low baller!

might have to give a prize to the worst guess too :winkwink:

Fair enough :)

$12

5678901

Biggies in the game
http://thumbs.dreamstime.com/x/pair-sixes-2082309.jpg

lol, dollar will have no value there, so what are we talking about here ... :upsidedow

You don't make Bitcoin illegal. You make it illegal to cash out to USD, then strong arm everyone else so you can't cash out in any other currency either. Then it's dead in the water. It's as easy as a stroke of a pen and a few phone calls to kill Bitcoin without actually having to kill Bitcoin. Without the ability to convert your coins to cash, what's the point?

China and Thailand already did it. If everyone else followed in their footpath, Bitcoin would become useless overnight unless you're wanting to spend them on online items, such as games.

Will that actually ever happen in the USA? No idea. But it could be easily done should they want to.

That said, it would have to be an all or nothing in order for it to work. If you can't convert to USD, but can in EU or another currency, that could work in favor of Bitcoin and make it even more valuable. Or not.

You speak with seeming authority on many topics...unfortunately you got this one wrong...way wrong.

The stroke of a pen and a few phone calls huh. :1orglaugh Whos pen exactly - the majority of both houses of congress and the President AND a majority of Supreme Court Justices (likely it would go that high in court).

Not sure about Thailand but China most certainly did not ban or outlaw BTC - they simply stopped BTC from being used by payment processors. But they gave to OK for Chinese citizens to trade BTC all they want. They just made them go through an extra step, through a foreign based exchange to get their money back into Yuan.

The regulations they put in place are a good thing, any time a large government recognizes Bitcoin, even if it is to limit it's use, that lends legitimacy and only strengthens the currency.

BTC trading among the Chinese is going strong - current daily legal use of BTC by the Chinese is a big reason BTC price has stayed high.

Wrong. You mistake small possibility for a fact.

You mistake small possibility for Yea Right :1orglaugh

dwb thailand didnt do that. my thai friends are buying and cashing out actively to their thai banks since months ago

xtc put me down for $9,000

put me down for $750

There is obviously very strong demand for a method of exchanging value on the internet, or a very poor product such as Bitcoin would never have got this far. Our pre-internet tools for value exchange do not work well enough, the market is looking for a solution.

However any new product / system / solution needs to have the fundamentals in place to be successful in the long term. Bitcoin currently does not.

a) Make it easy to obtain.
b) Make it easy to understand.
c) Make it safe and easy to store.
d) Make it safe to spend, lose the criminal/drug/CP image.
e) Make it risk free.
f) Regulate it.

The silent majority have no interest in putting their wealth into an vehicle that is inherently dangerous to be involved with and carries any risk whatsoever. What we have now is a vehicle for speculators, not a solution to the problem of transferring value in the modern world.

So the question is will Bitcoin evolve the characteristics that are essential for it to become the mainstream de-facto internet currency, or will something else come along that satisfies the demand without the inherent drawbacks of all of the current coins ?

My money is on Bitcoin being a warm glow in the history of the internet by 2019, just like porn paysites and affiliates, Google money anyone ?

£0.00

I'll play along.

$12,400

:D

http://www.zillow.com/blog/files/2012/01/buffett.png

Warren Buffett didn't get to be a billionaire by being wrong, but it's clear from what he's been saying about investing in Bitcoin that he just doesn't get the digital currency.

Whats to "get" ?

Bitcoin is going nowhere, only a crypto currency that is distributed fairly will prevail. Having to Mine for bitcoins is bs and a waste of resources. I'm sure a crypto currency will emerge that will bring about a new socio-economic-political system, but bitcoin was only the foot in the door.

I don't like it but I agree.

Buffett tells CNBC why he thinks bitcoins don't have any intrinsic value and investors should stay away.

Well reasoned opinion but doesnt actually address any mechanism by which BTC will collapse. It's easy to say something better will come along but why would that cause the demise of Bitcoin? If anything it would just take it on up with it - coattail success.

I hope you're not putting too much money on your "warm glow" theory :1orglaugh:1orglaugh

The word "Intrinsic" has been much bandied about with regards to BTC and other currencies and has been pretty much thoroughly equated to...well as the King would say: "Pigshit"

Yes ?

Are you saying you think Buffet is wrong ?

You said that Buffet does not "get it".

What is there to get ?

Bitcoin does not have any long term value outside of the hype and speculation.

The beauty of Bitcoin is not that it is going to solve the problems of value transfer on the internet, the beauty of Bitcoin and therefore it's popularity amongst the fanbois is solely due to speculation. The speculation is fuelled by it's method of distribution (mining.) and by the fact that it's value is variable. The mining creates haves and have nots, the variable value creates a market. The haves hype the wonder product into a religious frenzy, and the have nots want a piece of the action. The price rises, and the frenzy increases.

All the hype about how the poor oppressed masses will be freed from the shackles of central banks and government regulation is just nonsense to hype the have nots into wanting some of the action. There is nothing like greed, and feeling that you are missing out, to make usually rational people turn into crazed zealots.

Site owners are adding it as a payment option, not because they think they will increase sales, but because they would like to own a few coins and be in on the action. Punters are losing their money in scams and exchange collapses because they are ignoring all of the normal rules of investing and keeping your money safe.

Tulip anyone ?

Bitcoin will be superseded by a product that is easy to get hold of, easy to use, and a safe store of value.

Or

Bitcoin will evolve those fundamental features.

However given that Bitcoin is something of a rudderless vessel, I am not sure that the leadership and foresight that is required exists to make these changes. This is why I dont think Bitcoin will be the product which becomes the ultimate game changer.

Read that forbes article a few posts up :thumbsup

C'mon, I *know* you are brighter than that :)

you have no clue how to separate propaganda from facts. & PS, larry kudlows comments in that article were spot on. your just too dumb to figure that out for yourself.

:smiling_b

I believe him. Bitcoins are not gold with 4,000 years of monetary history behind it. So, fuck bitcoins!