How much can BitCoins raise?

At the moment I write this lines, the value of 1 BitCoin is set at 149€ (or 194 US$). Last Friday, 1 BitCoin worth 106€ (or 138 US$). 

At this stage, appointing a target price to BitCoin is pure speculation! I could say 500€ - or 1000€ - or more - or less. If I had BitCoins I wouldn't think to sell until it reach 5000€. 

• No one sees an end to the Euro Crisis - there's a new impasse in Portugal, there's rumors of a new bank account tax in Cyprus, and Slovenia is probably the next country in need of financial assistance;
• Investors (and speculators) turned their sight to BitCoins; 
• There's a limited number of BitCoins;
• And, probably the most important, almost no one is selling... 

It's the perfect scenario to guarantee that the price of BitCoins will keep raising on the next months. But in a world where everything change at the speed of light (or at the speed of your internet connection) nothing is sure. 

Anyone risks a target price to BitCoin?

#BTC: 18UtAYMy8zUUanHtkbvv4MUTajA2NoprNB

#LTC: LcgtnX2JDgKZAM4kh4JDsa1h6WVTFPnzXm

Is it the bubble pop? BitCoin is Crashing?

(Source)

After reaching 266USD, Bitcoins are now being traded at 142USD [at Mt.Gox]. Is it the bubble pop? The price of Bitcoins will return to the values of early March - or they'll stabilize on a major price? Will you buy some BitCoins at depressed prices? Sell or hold to see what happens? For those who have bought BitCoins before the spectacular rise in recent weeks, I guess it's a risk worth to take. Those who have bought during the price rise, probably feels panicky - and panic is not a good adviser. The first thing I'd think, if I were in this situation, would be "Can I lose the money that I invested?". If the answer was "No" probably I'll sell while I could win something - or at least minimize losses. If the answer was "Yes", I'll probably bet on a future price rise of BitCoins. That's why it's so important that you only invest money you can afford to lose - otherwise, you'll always be conditioned by your emotions. Although psychologists have demonstrated that there are emotions that allow us to decide - we shouldn't decide based on emotions, but supported on emotions...


#BTC: 18UtAYMy8zUUanHtkbvv4MUTajA2NoprNB

#LTC: LcgtnX2JDgKZAM4kh4JDsa1h6WVTFPnzXm

Bitcoin: a bubble ready to burst?

Timothy B. Lee, on Forbes, points four reasons why we shouldn't buy BitCoins:

1) Losses: bitcoins don't have consumer protection; if your bitcoins are lost by the service where you keep them, or stolen by someone, there's no juridical protection.

Well, we know the nature of governmental consumer protection. We saw that protection on the 1930's Roosevelt government, and on the Cyprus Euro Crisis...

2) Regulation: BitCoin is extremely resistant to government regulation.

Oh, that's a problem?!

3) Scaling: There's a limit on the number of BitCoins that can be mined.

4) Lack of applications: "There’s a real question about how useful Bitcoin actually is. We know Bitcoin is popular for drugs and gambling, but does it have uses for more conventional forms of commerce?"

That will change, as more people adopt the new currency...

The actual problem, is to know whether the value of BitCoins will continue to rise. In my opinion, if the Euro crisis continue - and when we look at the Economy of Cyprus, Greece, and Portugal, we have to say "yes" - more and more investors will buy Bitcoins. Those who have Bitcoins, keep them. Those who don't, keep mining. But stay tuned: at any moment, those speculators who came from the Euro - specially on the last month - can leave it at any time... It's a risk that can worth millions...


#BTC: 18UtAYMy8zUUanHtkbvv4MUTajA2NoprNB

#LTC: LcgtnX2JDgKZAM4kh4JDsa1h6WVTFPnzXm