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RE: BTC looking scary

in #btc6 years ago

It sort of looks like it's going to go down again for the short term - maybe it makes sense with the northern hemisphere starting to go on their summer holidays and thinking about the sun more than about investments... Not sure how much that effects things like cryptos though.

Long term, I still believe the whole thing is going to go up again. Cryptocurrencies are becoming more and more widely accepted. That's going to fuel another period of growth. When? I'm no financier, but I would have thought before the end of the year. Whether bitcoin itself does the same is another question - that's more to do with their own internals than it is with cryptos in general.

What we're really waiting for are governments to start accepting these as valid forms of payment. Then, it really will go mainstream.

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