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That is the main/only reason I am making a long term investment in Bitcoin. Given the volatility I think the people speculating in Bitcoin purely for financial

• zby 15y ago
  "Given the volatility I think the people speculating in Bitcoin purely for financial gain are nuts" - that's a strong statement mate. Any reasoning behind it or you just like insulting people?
  • ahi 15y ago
    http://bitcoincharts.com/markets/ http://bitcoincharts.com/markets/ Today's exchange rate range is 16.45 to 19.23. That's pretty typical, and some days are a lot worse. In the forums, the consensus seems to be that any attempt at economic analysis is largely a waste of time due to there being way too many unknowns. The Bitcoin "investors" and "speculators" just look like gamblers to me. That qualifies as "nuts" to this coward. However, I do like insulting people.
    • weavejester 15y ago
      A lot of Bitcoin speculators have invested only what they can afford to lose. I don't think it's "nuts" to invest a few hundred dollars (for example) in something as technically interesting as Bitcoin. People probably lose more in a Vegas vacation.
      • ahi 15y ago
        Agreed, but then those people and the people gambling in Vegas aren't approaching it as though it were a rational investment strategy.
        • weavejester 15y ago
          True. I don't think you should view it as an investment, and certainly not a reliable one. At best, it's like investing in a startup you think has promise and is undervalued.