Thread: Bitcoin
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Phenom Phenom is offline
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Default 19-12-2013, 08:05 AM

To be honest this is good news. For me BTC is a long term (2yr) investment. My speculation is that it will gain massive amounts of value when the world's fiat currencies decline in lieu of too much quantitative easing and the inevitable rise in interest rates which will hit global economies hard. People will turn to something that governments cant touch and something that is easy and cheap to transfer, which is a specification that BTC fits.

This news also allows other countries to gain a foothold in the emerging BTC market which China dominated but now seems to have now seceded. The US may jump all over this as they had previously admitted their control of the BTC market was minor compared to China and Russia.

BTC will now be much more affordable to stockpile from what its previous price was, which is great news for long term speculators like myself.

I honestly believe to accumulate and or protect wealth Gold, Silver & Bitcoin are sound investments.
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