I looked into purchasing some bitcoins and found the barriers to entry significant.
I find it hard to believe, at the moment, that bitcoins are generally acquired for non-speculative legal reasons.
Illegal usage seems unlikely to bootstrap the bitcoin economy, speculative usage seems certain to crash unless legitimate usage arrives in tandem to bolster it.
In principle I can see a crypto-currency economy emerging but I can't see how to get there from here without a crash on the way. So I'm not going to take the gamble.
Made the decision at $100, I see it's now at $200, my guess is it will rise considerably further before the crash so good luck to those going into this with their eyes open.
I find it hard to believe, at the moment, that bitcoins are generally acquired for non-speculative legal reasons.
Illegal usage seems unlikely to bootstrap the bitcoin economy, speculative usage seems certain to crash unless legitimate usage arrives in tandem to bolster it.
In principle I can see a crypto-currency economy emerging but I can't see how to get there from here without a crash on the way. So I'm not going to take the gamble.
Made the decision at $100, I see it's now at $200, my guess is it will rise considerably further before the crash so good luck to those going into this with their eyes open.