Originally Posted by
wacked
Crypto currencies are not going anywhere, it's just beginning and is getting the major attention of VCs and Wall Street is next. Investments in Bitcoin and the infrastructure are growing at unprecedented amounts. Companies like Overstock, NewEgg, Expedia, Gyft, Virgin Atlantic, Porn.com, Dish Network, eGifter, Sacramento Kings, Over 30,000 companies accept it through BitPay -> bitpay.com/directory and thousands more through CoinBase.Com - A large VC was the one who purchased the almost 30k of BTCs that the US Marshall service sold in the recent Silk Road auction.
As with anything new, there will always be issues raised, fraud involved etc, but the amount of US Cash that is used to do illegal activities dwarfs anything that Bitcoin is involved with. This is all new territory, so plan for some major highs and lows.
I like to tell people to think of Bitcoin as Facebook 3-4 years before it went public. So basically Bitcoin is a private company right now that is going through some major growing pains and good and bad publicity. The price should continue to rise over the next few years and by the looks of it and the investments that are being made along with some major hires in the industry of ex Google, Yahoo, Ebay, Paypal, VlSA employees and so forth, this is the next new big thing. It's 'protocol', so it can be modified and tweaked to continue to grow and branch itself out into all sorts of things.