but only time will tell if this feeling is justified. How good are the evangelists? Buying and trading stocks or foreign currencies have become a rather risky endeavor as of late. To add on to what Ive written earlier on, there are so many questions that crossed my mind regarding bitcoins, if any of you readers out there know the answers, Ill appreciate your comments. If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible. Like all stores of value and collectibles, Bitcoin is a religion.
Bitcoin could threaten the status quo or may become tied up in the criminal underworld. Indeed, challenging the status quo is exactly what the currency is meant. At this point in time, however, Bitcoin is still a small currency and as such, it is highly vulnerable to attacks. Bitcoin Is Good Long Term Investment: Major Silicon Valley Startup CEO. As described by Bitcoin developer Andrew DeSantis, Bitcoin is a decentralized timestamp and messaging protocol that when implemented and stable results in a value storage system.
Thus, depending on the usage, Bitcoin can be used as digital gold, settlement network and digital cash or currency. Some coins for example - bitcoin, litecoin, ethereum, xvg, stratis, bitshares are some of the coins which have potential to give you a good ROI in long term. I know a few people who day trade. Bitcoin and make 6 figure income.