Investing 102

[Woody]

Originally Posted by Tony_SS

A few pages back I was crowing about Bitcoin at $70 each. Many friends of mine screamed "bubble!!!" at that price and ran away... not me. Right now the price is $190.00 / bitcoin.

The question remains, is it an exploding market searching for its true value? Or is it a gigantic bubble?

Personally, I still think this is a good price. Markets are emerging, companies are creating ATMs for Bitcoin and we will see its use streamlined and mainstreamed. I think the opening door to get in is closing fast though. But I could be wrong, millions of users could decide to sell at once or have security breach at an exchange to drop the value. If that happens, I'm buying!

Tony, speaking security breaches, did you see this.

http://rt.com/news/bitcoin-currency-cyber-attack-394/