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"As a currency, Bitcoin should be a serviceable unit of account, means of payments, and a stable store of value. It is none of those things. No one prices anyth

"As a currency, Bitcoin should be a serviceable unit of account, means of payments, and a stable store of value. It is none of those things. No one prices anything in Bitcoin. Few retailers accept it. And it is a poor store of value, because its price can fluctuate by 20-30% in a single day." - https://www.project-syndicate.org/commentary/why-bitcoin-is-a-bubble-by-nouriel-roubini-2018-01 https://www.project-syndicate.org/commentary/why-bitcoin-is-... I actually recommend reading some of Nouriel's thoughts on the matter. I don't recommend taking investment advice from him, or anyone else for that matter. Do your own research and your own critical thinking. I believe there is immense value in a global currency that doesn't have uninvited middlemen. I also think the immense volatility will slow as people come to understand what cryptocurrencies can represent and better solutions arise.

stuntkite 9y ago
As investments go I hold some coins and a few other things. I ran a 13TH mine of KNC Neptunes during the first big spike. I lost a ton of money in Mt. Gox. I sourced Avalon chips and designed boards for mass production only to have my chips stolen by the chinese government. After my run at all of it it paid for my business partners divorce, a bunch of my medical bills and we had some cash to sit on. At no point did I bet the farm or really ever see it as anything but a VERY interesting experiment. I've basically been out since then, but might be jumping back in to running a multi currency mine if the stars align right. Again, I don't really care about it as an investment vehicle, I think the technology is interesting and I'm good at the ops around it. No one really knows what the whole thing is going to be, I think bitcoin, with all it's flaws is here to stay but I think persistent information and decentralized network address resolution is WAY more interesting than money laundering, day trading, buying pizza, futures, ICOs, or buying drugs. The day I turn on TV news to tell me about my budding technologies is the day you can just dump me in the river. Seriously though that guys yowling doom and gloom is either just ignorance or he's got a bridge to sell. I don't need to google him to find out which.

stuntkite 9y ago

As investments go I hold some coins and a few other things. I ran a 13TH mine of KNC Neptunes during the first big spike. I lost a ton of money in Mt. Gox. I sourced Avalon chips and designed boards for mass production only to have my chips stolen by the chinese government. After my run at all of it it paid for my business partners divorce, a bunch of my medical bills and we had some cash to sit on. At no point did I bet the farm or really ever see it as anything but a VERY interesting experiment. I've basically been out since then, but might be jumping back in to running a multi currency mine if the stars align right. Again, I don't really care about it as an investment vehicle, I think the technology is interesting and I'm good at the ops around it. No one really knows what the whole thing is going to be, I think bitcoin, with all it's flaws is here to stay but I think persistent information and decentralized network address resolution is WAY more interesting than money laundering, day trading, buying pizza, futures, ICOs, or buying drugs. The day I turn on TV news to tell me about my budding technologies is the day you can just dump me in the river. Seriously though that guys yowling doom and gloom is either just ignorance or he's got a bridge to sell. I don't need to google him to find out which.