3 ms·
At a incredibly high and volatile risk for what you're paying. Try and pull some of those Bitcoins out in a market rush, see if you're sale goes through in the
by gleenn 9y ago
At a incredibly high and volatile risk for what you're paying. Try and pull some of those Bitcoins out in a market rush, see if you're sale goes through in the next week. Even the high returns we've seen so far don't justify the fact that sometimes you're asset is worth nothing because you can't move it because some company "has a bug".
- charlesdm 9y agoWhy would I have to care for small(er) positions? I consider this a high risk binary investment -- either it will work, or it won't. Unless you're investing $100k+ (which for most people wouldn't be a small part of their portfolio) you should easily be able to exit positions. This was clear even during the last correction. From a risk level, (In my view) I'm looking at an angel investment but with better upside odds. The potential upside is disproportionate to the downside, and I'm happy to take on that risk.
- scalesolved 9y agoTry and pull your savings out of a bank when there is a bank run. I agree with the poster above, BTC and others may be in a bubble but the bubble is tiny compared to other asset classes and previous bubbles.
- csmiller 9y ago> Try and pull your savings out of a bank when there is a bank run. Familiar with the FDIC?
- scalesolved 9y agoSomething that applies to the US only?
- sjwright 9y agoMost major countries have a similar scheme https://en.wikipedia.org/wiki/Deposit_insurance https://en.wikipedia.org/wiki/Deposit_insurance
- scalesolved 9y agoTake the EU for example from that link https://en.wikipedia.org/wiki/Deposit_insurance#By_EU_country https://en.wikipedia.org/wiki/Deposit_insurance#By_EU_countr... Limited to 100k, that is extremely low for a lot of people looking for safe asset havens.