3 ms·
Philosophically? As an investment? I don't think this question has any meaning without being qualified. Assuming you are saying as an investment, I think a pla
by anm89 6y ago
Philosophically? As an investment? I don't think this question has any meaning without being qualified.
Assuming you are saying as an investment, I think a plausible worst case scenario is that a major government, let's say the US, makes it illegal to move their currency on to crypto exchanges and kills all legitimate on ramps.
Bitcoin would survive this but I would guess it's price would go down somewhere between 10 and 100x . Potentially more.
- jqpabc123 6y agoThe worst case scenario for "investment" is if government doesn't do anything but ignore bitcoin and allow it to fail under it's own weight --- taking your "investment" with it.
- anm89 6y agoOk, there are existing avenues to short bitcoin. So no need to tell the internet about it. Go become unbelievably rich if you know this for a fact while other's don't understand. I'll be happy to take the other side of your bet.
- jqpabc123 6y agoLOL! The concept of "fail" clearly eludes you. When it is discovered that Chinese interests have assumed functional control of bitcoin mining and are using it to perpetrate widespread fraud, all bitcoin trading and contracts will be frozen. Just one possible failure scenario. It will be impossible to extract anything from the "marketplace" because it will evaporate back into the ether from which it sprang. Your "faith" in bitcoin is based on an unfounded assumption --- that crypto "exchanges" are financially stable, reputable and trustworthy institutions similar to the regulated securities markets. They are none of the above in my judgement. They regularly engage in what would be considered illegal fraud in more reputable markets. And they are fully prepared to fold up shop and disappear in an instant if need be.