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Topic: Bitcoin will hit $50 this month. - page 5. (Read 7786 times)

legendary
Activity: 1386
Merit: 1000
March 05, 2013, 06:46:54 AM
#6
Seconded  Smiley

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.

If you think about it, bitcoin itself is ridiculously simple to secure, though tedious.

These are good points. I just hope the key players have taken the necessary precautions.
hero member
Activity: 784
Merit: 1000
March 05, 2013, 06:29:43 AM
#5
Seconded  Smiley

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.

If you think about it, bitcoin itself is ridiculously simple to secure, though tedious.
sr. member
Activity: 412
Merit: 250
March 05, 2013, 06:25:03 AM
#4
Seconded  Smiley

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

I agree with the $50 prediction. As for the hacking of exchanges, unfortunately as the price of bitcoin increases, so does the incentive to hack exchanges. So I think we are actually more likely to see exchange hacks/thefts/inside jobs in the coming weeks.
donator
Activity: 2772
Merit: 1019
March 05, 2013, 06:23:05 AM
#3
Seconded  Smiley

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...

Have you been with us in 2011?

I can imagine it going down. Huge bad news, continuous bad press follwing, add some panic and voila.

I don't think it's time yet, though. maybe when we reached $225 or $450.
legendary
Activity: 1386
Merit: 1000
March 05, 2013, 05:48:15 AM
#2
Seconded  Smiley

I don't really see how it can go down - Bitcoin seems to have evolved and many of the problems such as hackers taking off with very large chunks of BTC from exchanges and crashing prices seem to be a thing of the past ...
vip
Activity: 1316
Merit: 1043
👻
March 05, 2013, 05:05:12 AM
#1
If you told anyone a few months ago that Bitcoin will be $40, they'd be surprised. Bitcoin will easily hit $50 this month at the very least.
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