Quote:
Originally Posted by
mulva
news flash..@ 40 per they've might of already blown up. unless they're the next mattel. and then micon will have the last laugh. i'm pretty sure he doesn't care what anyone thinks regardless. how much more could they blow up?
the fact is, w/o all the forums hate toward micon, most/all of this forum couldn't/didn't want to see the potential of these things...and druff led the charge....shame on most of you.
I never said they wouldn't increase in the short term, though I admit I'm surprised how high they've soared recently.
I said that they are not going to fly under the government's radar forever, and when the government DOES take action, there will be a crash.
It's actually very similar to online poker before Black Friday. I used to have endless debates with people who insisted that the US government couldn't touch Stars or Tilt. I said, "I don't know when it will happen, but at some point they will get shut down, especially when the government wants to legalize US-based rooms."
This is even more vulnerable than online poker rooms, because bitcoin value is market-based. At least with the online poker rooms, they can theoretically still exist if they get a domain that the US can't touch and somehow keep finding shady processors for their payments in and out.
Let's say you have 100 bitcoins today and they're worth $53 each.
Let's say the government takes some kind of major action against MtGox.
Are you just going to sit on your coins when you hear about this, or are you going to want to unload them ASAP?
You are going to want to unload them before their value plummets to 2 cents each, and everyone else will have the exact same idea.
LOL @ anyone who thinks that the value will survive any kind of serious government intervention.