Today I bought my first few bitcoins at $13.7875, so it will be interesting to see how they fair over time and if this new phenomenon will take off.
I have to admit I am no financial expert, but I do have a gut feeling for this in that it could be the next internet sensation. So this time I wanted to get in at the beginning, well as close as possible. Presently the momentum for the coin is as a monetary exchange which is pushing up the price and I cannot see it changing. So presently we are in a bull market which could go on for some time.
Saying that like anything you can loose money and I have done so, like many others over the years.
What has attracted me to bitmoney funny enough, is not trying to make money on the exchange, but on the fact it is an alternative to transferring money and buying products online without the need to go through banks. This I have to admit appeals greatly as I have always hated banks and now it seems everyone is beginning to see through their façade.
So what brings me to building this website, well fundamentally I believe its success will be in the coins being accepted as a form of currency, which means we need to find it easy to exchange our bitcoins for goods. Therefore by grouping together all the stores that accept these coins and with as many different products, we can collectively have an alternative to the corporations.
Just to give you some idea of my mindset, I believe in spending my hard earned cash in the community so I go to the local butcher, bread shop and green grocer, rather than the likes of Tescos. Not that I am against large multinationals, but I also believe in choice and spreading wealth, which I have to admit I do not have a great deal of lol!
Oh and it would be good to have an alternative to PayPal, which is harder said than done