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Not, but you have to be prepared for not touching your investment for 5 years because of the high volatility (which means the price could go down to $1000 for a
by xiphias 9y ago
Not, but you have to be prepared for not touching your investment for 5 years because of the high volatility (which means the price could go down to $1000 for a year temporarily, than back up to $10000).
Here's a logarithmic graph of the price over the last few years, the slow price drop from $1000 to $200 was painful for most investors:
https://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zvzl https://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25...
- tlrobinson 9y ago> which means the price could go down to $1000 for a year temporarily, than back up to $10000 I'm bullish on Bitcoin, but you should also acknowledge the price could go to down to $1000 or $100 or $0 and stay there.
- xiphias 9y agoIt could go to $0 instantly, if ECDSA + RIPEMD160 would be cracked. I don't see any other way currently.