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Or it goes to zero. I am not against bitcoin. I have a bunch of Bitcoin. But buying bitcoin is strictly a speculative play. It is. It is not an investment: it

Or it goes to zero. I am not against bitcoin. I have a bunch of Bitcoin. But buying bitcoin is strictly a speculative play. It is. It is not an investment: it is not a store of value. Nobody knows know what will happen ten years from. But whatever happens ten years from now, odds are that it will be very different than what is here now, and odds are that t-bills will be pretty much the same. Hence, why for long term stability you buy t-bills. If you want more risk, you buy the S&P 500. For an amount of money that you can afford to lose, and you’re willing to put it into a highly speculative position, that goes into bitcoin.

ThomPete 9y ago
Or the US dollar defaults. Nobody know what happens ten years from now either. It doesn't matter that the USD have been more secure or that having a central bank have helped stabilize the currency. In the long run, ten year? who knows. Point is that Bitcoin is as solid an investment as many other things that are backed by governments. I am willing to be that crypto will be around much longer than many states and so I am keeping that in mind when I invest. I only invest long term and crypto like the US stock market is for me long-term winners. I could be wrong but today bitcoin isn't more fragile than many other currencies out there.
- Spooky23 9y ago
  You're not investing, you're speculating on a commodity that you do not understand. If your personal investment outlook is dependent on the major world currencies defaulting, you have a problem. Play with bitcoin, but don't bet your fortunes on it.
  - ThomPete 9y ago
    I am betting on bitcoin and blockchain being important in the future just like I am betting on a given stock to do well in the future because of the way I believe the world is going. The major world currencies do not have to default for that to be a reality so not sure why you portray it as if that's what I said. All investments come with a risk the longer your perspective the less the risk depending on which asset we are talking about. Bitcoin/blochain is one of those that will be less risky over time unless the world moves in an anti-technology direction and I don't see that happening.

ThomPete 9y ago

Or the US dollar defaults. Nobody know what happens ten years from now either. It doesn't matter that the USD have been more secure or that having a central bank have helped stabilize the currency. In the long run, ten year? who knows. Point is that Bitcoin is as solid an investment as many other things that are backed by governments. I am willing to be that crypto will be around much longer than many states and so I am keeping that in mind when I invest. I only invest long term and crypto like the US stock market is for me long-term winners. I could be wrong but today bitcoin isn't more fragile than many other currencies out there.

Spooky23 9y ago
You're not investing, you're speculating on a commodity that you do not understand. If your personal investment outlook is dependent on the major world currencies defaulting, you have a problem. Play with bitcoin, but don't bet your fortunes on it.
- ThomPete 9y ago
  I am betting on bitcoin and blockchain being important in the future just like I am betting on a given stock to do well in the future because of the way I believe the world is going. The major world currencies do not have to default for that to be a reality so not sure why you portray it as if that's what I said. All investments come with a risk the longer your perspective the less the risk depending on which asset we are talking about. Bitcoin/blochain is one of those that will be less risky over time unless the world moves in an anti-technology direction and I don't see that happening.