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I've invested some dollars in bitcoins. But nowhere near my life savings. I'm regarding Bitcoin as a high risk investment (it is the very first distributed elec
by runeks 15y ago
I've invested some dollars in bitcoins. But nowhere near my life savings. I'm regarding Bitcoin as a high risk investment (it is the very first distributed electronic currency after all) and I'm investing proportional to this assessment (ie., not a lot of money).
Seems to me that investing heavily in bitcoins right now might be similar to investing in real estate. Yes, if you invested a lot of money x years ago you would be rich. If you invest money in it now, though, your odds are pretty poor.
That being said, I think Bitcoin has a lot more room for expansion in price compared to real estate. But it's possible that buying bitcoins now is a bit like buying into a stock heavily after it has boomed. The ones who bought before the boom got rich. The ones who do so after the boom, not so much.