Quote:
Originally Posted by Matt 26z
So your position is that it will raise substantially and never see the current price point again?
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I don't have a position. The coin serves a valuable purpose. I spend it and I trade it. It's ups and downs make a great way to make money. Bitcoin will eventually stabilize but it will always rise and fall like any commodity. Bitcoin is much more important to people in countries that control currency or access to it. Especially places like China. Europeans also appreciate not being controlled and profited on by their banks and credit card companies. How many companies over here in America refuse to accept credit cards from certain European countries? Anyone in the world with access to a computer can purchase anything they want with Bitcoin without anyone getting in their way. That is extremely attractive to the consumer, to banks, not so much.
If I visit any country in the world I have access to Bitcoin via my cell. I can get on any plane leaving the US with $250,000 in my Bitcoin wallet and no one can stop me. $10k or over and I have to declare. I hope it goes up and I hope it goes down. If that is a position, so be it.