there’s about 11m coins mined. 22m total will be mined.
the current market cap for all coins is roughly $1.5 billion.
bitcoins are hovering around $190 per coin recently
this is an Internet based currency available in all countries.
the question to ask yourself is... for a world wide currency, is $1.5 billion a lot? is $100 billion?
assuming civilization doesn’t completely collapse, and the probability of that is not 0%.... expect bitcoins to go up in value
a good source for current market price for usd/btc (and other non-crypto currencies)
http://bitcoincharts.com/markets/
The problem in Bitcoin to me seems to be the concept that the US and the banking community will not find a way to crush a monetary system outside their control. Like the Liberty Dollar silver in Idaho.
Legal, but they raided it just the same.
I hope all you idiots lose everything you have!
I don’t really get the whole Bitcoin thing, however since this currency (though limited unlike USD) is still not backed by anything am I correct? Add in the fact that it is internet based, and really it’s all 1’s and 0’s (too easy for governments or hackers to steal/destroy)!