Quote:
Originally Posted by JimmyTube
Buying any cryptocoin right now is a BIG risk. Though, bitcoin sure has been on a tear lately. There are many altcoins that you could invest in... but those are even riskier. Everything in the cryptocoin world is risky right now.
Honestly, if I was going to spend some money, I would think about picking up some Litecoin. The prices are ultra-low right now. 9/10 the price of Litecoin will go back up. Once Litecoin hits Mt. Gox there will be a big boost. Not sure about the future of Litcoin in the long run.
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Speculation Litecoin was going to hit Mt Gox started back in March/April and the same dance happens every month, it'll be June, July, August, September, October, it's probably not going to happen anytime soon.
The only reason Litecoin is even sitting at around $2 right now is because Bitcoin has rocketed in value and once that bubble bursts again Litecoin will probably go down even further IMO. At this point IF any other alt coin does end up trading on Mt Gox, who's to say it'll even be Litecoin? That speculation is the only thing holding the price up
Eddy investing in Bitcoin is a massive gamble and it's definitely not a good idea to gamble it on borrowed money.
Also it's a major hassle getting money in and out of Bitcoin exchanges and that's without mentioning the security risks involved.
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