BitCoin / LiteCoin

[jonamv8]

BTC hammered - could be a good time to buy?!?!?!?!?!?!

[jonamv8]

tertius said:

IT1GTR said:

Dropped to £306 a bitcoin earlier, was seriously tempted to buy. I expect its due to Russia outlawing Bitcoin

Its mainly due to the issues at Mt Gox.

This is what I have read/heard too.

[jonamv8]

Chimune said:

Except theres no protection and you are betting your investment on how well some geeks built their software / can fend off the criminals and hackers.

When IceSave went bust, the gov paid me back everything. Who will pay the Gox customers back ?

No one will !

[jonamv8]

hairykrishna said:

It remains to be seen if there's any comeback over gox. The vast majority of peoples losses there would not have happened if people actually used the currency as intended i.e. maintained their own local wallet file rather than trusting someone else to hold the coins. As it was they essentially had the worst of both worlds. The unrecoverable losses if you're hacked are an intrinsic part of a pseudo-anonymous currency with no charge backs.

I think the cryto currencies have a future. Not necessarily bitcoin, but one/some of them.

I've always worked under the principle that if your coins are in the hands of third parties then make it for the minimum time possible, soon as you can you have to send them to your local wallet.

[jonamv8]

So what do people think the future holds for crypto now? The buzz seems to have died down and the prices for different crypto remain relatively stable - and boring!