RE:RE:Can BITCOIN go to $10 ? YESWhile the valuation seems crazy, i kinda think the more we hear about the hacking of commercial institutions and industrial systems, the higher cryptos will go. A co-worker tried to get me into BTC and later on Ethereum, but i wasn't comfortable with the "imaginariness" of it. He's retired now at 37 =D I'm still working.
Chrysanthalas wrote: Bitcoin goes up in value the more its used or purchased. Before China banned it
it was responsible for chinese millions leaving their country. Just today
their retiring finance minister admitted they had a housing bubble and that their evonomy could
experience a minsky drop... if bitcoin were reinstated in china i could see the value double before Christmas. As it is as long as its being used and bought and mined, its value will rise.
You don’t get world banks telling you its bad unless its a serious threat.