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How could it be risky to Bitcoin? Also, Bitcoin isn't investing. It's speculation. But everyone knows that.
by sillysaurus3 9y ago
How could it be risky to Bitcoin?
Also, Bitcoin isn't investing. It's speculation. But everyone knows that.
- pedrocr 9y ago>How could it be risky to Bitcoin? By creating a bubble that bursts and drains all confidence from it. >Also, Bitcoin isn't investing. It's speculation. All the more reason for people that don't even know what index investing is to stay well away from bitcoin. >But everyone knows that. I've seen plenty of people defending bitcoin as an investment.
- sillysaurus3 9y agoWell, considering how many people got rich off of Bitcoin, they're not wrong. I disagree that bubbles are dangerous to Bitcoin. It's just the opposite: Bitcoin is defined by bubbles. I still remember selling five Bitcoin at the peak of $32/coin and feeling smug because it crashed to ~$12 after. That will happen, always. The world keeps turning. It doesn't matter if you ban it when people can participate via localbitcoins in person. So there doesn't appear to be any way for people to stop it or control it. I agree that putting your retirement money into it is a bad idea, but there's a wide range between that and putting in $2.