Thursday, February 20, 2014

Bitcoin Stabilizes Admist World Market Uncertainty

<!– google_ad_section_start –> Where's Bitcoin headed now? After the recent silk road 'redux', it's likely to remain stable where it is, between $500-600 USD ... since the open source bug which caused the latest heist has largely been resolved. It will have to take something bigger than news of outright theft of Bitcoin in order to make it drop lower. That would have to be BIG news in order to have a real effect. With Mt. Gox out of the picture, there isn't much standing in the way of a steady climb into the future.

If we see major downswings in standard currencies, Bitcoin will likely regain upwards volatility. Add to that world markets have been inching closer to bank runs lately.

Although Bitcoin's penny stock days are over, investors will continue looking for financial refuge. Altcoins are going to look a LOT more attractive in the future, just more of a 'when' than 'if' question. <!– google_ad_section_end –>

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