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Digital Currency Boom is Before Us

Digital Currency Boom is Before Us

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Published by BitcoinSachs
In addition to Bitcoins, other digital currencies will take hold. The future is before us, we need to branch out, explain what digital currency is, that it's not crime or illegal, it's hip, trendy, backed by lots of money and VC firms. We need to grow, and we need to strike while the irons hot. There is a bunch more good stuff in here about Litecoins, Zetacoins and Feathercoins, and where the community is headed!
In addition to Bitcoins, other digital currencies will take hold. The future is before us, we need to branch out, explain what digital currency is, that it's not crime or illegal, it's hip, trendy, backed by lots of money and VC firms. We need to grow, and we need to strike while the irons hot. There is a bunch more good stuff in here about Litecoins, Zetacoins and Feathercoins, and where the community is headed!

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Published by: BitcoinSachs on Oct 10, 2013
Copyright:Attribution Non-commercial

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02/08/2014

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The aftermath of the second US government raid on the Bitcoin community will be the jumping off point for the so-called Crypto-currency to grow dramatically, and not just Bitcoin. Obviously,Bitcoin is the elephant in the room. The price is finally leveling out, it's 6 month average hasbeen steady (finally.) It's maturing nicely, and becoming a viable payment solution with a moredocile market value. With that said, you will see a dramatic fall off of the day traders. It's notfinancially viable to trade where the price hardly moves. It's like trying to trade the dollar. It'ssomewhat pointless unless you're talking an incredible amount of money for that to be a realoption.What does that mean? The Wild West has returned to town. We have a lot of players enteringthe game. A lot of them are pure scams. A lot of them are very legit. There are a few that I amwatching very closely. I think that major players that will emerge and establish themselves willbe the Feathercoin, the Litecoin, and the Zetacoin. There is a wide margin for money to be madein these three coins. The one that has the highest potential return on investment with trulyminimal risk is the Zetacoin. Trading at 0.00000358 BTC. Which means, basically, drop afraction of a coin, the price will jump (some) and you've risked little. If it tanks, big deal, but if multiple people get together and buy in, the price will skyrocket. The same is true withFeathercoin and Litecoin but on a slightly smaller scale.Investors and startups will be plentiful in the near future. The biggest problem is the ease-of-useacross the board. We need these VC and Angel Investors to put money into exchanges that dealin multiple currencies. We need them to build the infrastructure for long-term viability. You haveto view this has building a town. You have the coins (of different varieties), and we have someresidents. We need the post office, the general store, and the roads, and a railstation, if you will.That's where the cog in the wheel currently is. It takes time and a good deal of money to get it allbuilt. It's taken a substantial step forward this year. Bitcoin will likely by Time's Word of the Year.On that announcement, the price will soar. Coinbase will become bigger than Mt. Gox in thecoming 2 years. Mt. Gox is a horribly designed and run enterprise. Seriously terrible. Coinbasehas it's own critics, but you can easily get money in and out and buy in a timely fashion which is amonumental leap forward.Hopefully everyone will shut up about The Silk Road. I won't discuss it again, but the FBI andthe mainstream media have truly butchered every part of the events, the story, who was involvedand what their role was. Truly amazing how poorly that was portrayed. I am asking, nicely, thatthe people within the community please stop re-posting, re-sharing bullshit about The Silk Road.It didn't hurt us. It didn't topple us. It barely touched us. Moving forward, it's hardly a bump in theroad. Just know that it's not over, and there will be more raids. BMR will probably be next, but Iwouldn't anticipate that coming until 2015.What we really need now is community openness. Inclusiveness. Invite new people in. Take thetime to mentor newbies. Show them the ropes. Show them where to get coins, how to use them,things to do with them. Make them feel part of the community. Show them forums and the like.The growth and general acceptance of digital currency depends on introducing it in simple termsto average people. We know what hash rates are, the mining difficulty, etc but most people don'tand let's be honest, they don't need to. Just like most people don't know the Federal Reserve isa banking cartel that the Federal Government does not own. It doesn't matter in the scope of theaverage person doing business. It matters they know how to use it and are excited about it.That's all of our mission. In such a way, we need to take up the Good Word. No, not Jesus.Digital Currency. Talk about the king of the mountain, the Bitcoin which was all the rage, themillions that were made. The new comers that people will be making millions on down the road.The future is very bright. It's an exceptionally exciting time. We need to become digital currencyevangelist of sorts. Most people are intimidated and scared by it. They hear about the FBIraiding, and it's computers, it's crypto- and people get scared. Also, it'd be cool if we'd stop usingcrypto-currency. It sounds illegal and sketchy, not to mention complicated. Digital Currency.That's clean. It's smooth. People understand digital. Digital music. Digital movies. Digital

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