4 ms·

Buy Bitcoin and wait a year...

• nbarbettini 9y ago
  ... a year ago.
  • gallerdude 9y ago
    Even if this were the case, I would have needed $220K.
  • fwdpropaganda 9y ago
    Or now.
    • AstralStorm 9y ago
      To get these returns, BTC would have to appreciate 100x in value and you would still need those 200k$. While it has done this before, past returns are no guarantee of future returns. If you want to finance the 200k$ with debts... well... the percentage can kill you, or require you to or in a sizable chunk of income to pay it off. (Mortgages in some cheaper places in US are this size. )
• delbarital 9y ago
  "Investing" in any currency is a very bad idea.
  • blocked_again 9y ago
    Write down the price of BTC today and take a look at your comment after 1 year.
    • fwdpropaganda 9y ago
      That's not how risk works. If one year from now it's up 10x, that doesn't mean it's a good idea now.
  • ryeguy_24 9y ago
    Agree in totality. This is the same concept as buying South African Rand because the value moved significantly in the past year or two with respect to your current. These aren't assets, these are mediums of exchange. Plus, in a world where all we use is Bitcoin, the price change with respect to dollars becomes irrelevant.