It looks like your prediction will come true sooner rather than later, as BTC is still rallying.
There are even some rather outrageous predictions that it will eventually reach $2000 and above. What I am more curious about is whether this is a bubble that will burst at some point or whether it has real long-term prospects. Considering the times we live in the latter seems the more logical outcome or am I just being optimistic?
I think 1000$ is strong psychological level and price will stay near it for some time.
I was looking for the right place to put this.
This seems like the place, since the thread was started way back then.
The Dawn Of The New Financial Age With Bitcoin | Seeking Alpha
Interesting.
Iâm not an advocate of Bitcoin.
However here is something that managed to slip past me.
Decision due by 11th March 2017
[I]Bitcoin is at a critical juncture. Any time now, the Securities and Exchange Commission will issue a decision that could throw open the door to a flood of new capital, and change how many investors regard the digital currency.
The SECâs bitcoin decision, which is over three years in the making, is due by Friday. Hereâs a plain English guide to what might happen, including why the decision is so important and how it could affect the price of bitcoin.[/I]
So a big weekend ahead, read more here Bitcoin May Go Boom If SEC Approves Winklevoss ETF | Fortune.com
While Japanâs making steps to accept bitcoin as a regular currency, the Bolivian financial system supervisor, the ASFI, said local authorities have arrested 60 people who who were âpresumably conducting training related to the investment in virtual currenciesâ. According to the statement, the offenders were apprehended last week by the a criminal special forces unit, while they âwere carrying out training activities related to the investment of money with characteristics of multilevel activitiesâ in a cinema hall in the city of Santa Cruz de la Sierra.
Bolivia is one of the countries that has prohibited cryptocurrencies and considers them âpyramidal schemes that are only looking to appropriate the money and savings of Boliviansâ.
Some people embrace progress, others reject it or take much longer to embrace it.
We cannot deny that bitcoin is a quite controversial currency. But it is still considered as the future. Many countries and governments try to deny it and forbid it because itâs not regulated by any nation or bank and therefore is considered as a quite risky one. But I think it has a lot of potential although it has no physical existence.
What concerns me is that the more and more bitcoin is becoming accepted and used, the higher the risk for thefts and scams is. If for an example your bitcoins are stolen by a hack, can you recover the lost cash?
As for the trading, I hear that more and more brokers are preparing to add bitcoin to their instruments available for trading, although the spreads will be quite high but thatâs kind of expected I guessâŚ
Hello guys!! This is my first short-term analysis on the BTC/EUR currency pair. On a 30-minutes chart it seemed that the price is in a downtrend and my expectation is a further downside move. I believe also that cryptocurrencies will be the new future in forex.
Yeah, Its really Interesting because I am studied about this too much. And its really amazingâŚ
Thatâs it exactly. The discussion around bitcoin is still quite narrow in most places, over whether it will replace gold, serve as a hedge, reach 2000, 3000, 30000, etc.
Regardless, bitcoin is a previously unheard of monetary device (for lack of a better term) that is stampeding all over central banks and getting away with it. Transacting behind their backs. Sure, we see resistance at the governmental levels, but Goldman is supporting it!
This is a bit strange when the other side of the spectrum, the anti-âfiatâ money crowd, has been heralding it as the new solution for subverting devaluation, inflation, crises, and other nefarious central bank engineered activities.
Bitcoin may not be anything special, and it may not even last much longer, but it certainly is special in the new era it is ushering in. Some believe itâs a first step in establishing a global currency, which I wouldnât be surprised to see, especially the way the USD is being talked down as being a reserve currency.
What we should be considering here is not what bitcoin is now, but what it represents in terms of the future of currencies and global economic policy.
People want to double their coins. Nobody is selling bitcoin.
Itâs nice that this thread was boosted. If you go back to the first post from 2012 starting with: âHas anyone heard of these bitcoins?â and then think about the growing popularity of the Bitcoin each dayâŚitâs like a Bitcoin diary. Great stuff!
Interesting take on what is driving Bitcoin evolutionâŚ
i really want buy some bitcoins but seems no chances without transaction through banks or local exchanges
there is security systems everywhere
here is some info for coin lover
The more Bitcoin and cryptocurrencies in general become popular, the more regulators will concern themselves with putting them under control.
CySEC just set new rules on cryptocurrency trading - theyâve banned the exercising of EU passporting rules when offering CFDs on cryptocurrencies, meaning that if trading in cryptocurrencies or products with them is forbidden in a given EU or third country, the broker should not offer those products in it. Also, under the new rules, the brokers must not offer to retail clients a leverage of more than 1:5 on those instruments and the volume of crypto CFDs should not exceed 15% of the total turnover of the broker per quarter.
I think weâll be seeing a lot more such measures taken all over the world in the next few years until cryptocurrencies are put under some sort of regulatory framework exactly because of their growing popularity.
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OP here. Never thought Iâd be replying to my own thread from six years ago when bitcoin was less than $10. I never bought a single bitcoin. Wish I had.
I did get some free XRP when they launched in 2013. So thatâs cool. But if I had just dropped $1k on bitcoin when this post was written Iâd be a millionaire right now. Oh well.
I feel you. I heard about Bitcoin a few years back, and did not think much of buying it.
You can still be a millionaire. Just have to spend $1,000 on the right coin. 
Iâm not sure that itâs currency of the future, but I believe that itâs a good option for making money.
Did you know that itâs possible to trade cryptocurrencies on Forex? I am sure you are 
I am trading btc/usd here. Itâs a great benefit as for me, cause you donât need to buy a lot of bitcoins and whait when they will rise in price. Perhaps, itâs not money of the future, but it may bring you profit for sure. of course if you know how to trade on Forex 