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Short term: I am not a commodity trader. Long term: If you believe bitcoin have a higher probability of being a widespread currency than the probability of b
by kiba 14y ago
Short term:
I am not a commodity trader.
Long term:
If you believe bitcoin have a higher probability of being a widespread currency than the probability of bitcoin losing total confidence, than it would make sense to move some of your wealth into it.
Otherwise, if you think bitcoin is never going to become a big player and end up going all the way down to zero, you don't put your wealth in it. Maybe you could even bet someone that bitcoin is going to become a bunch of useless binary code.
- tptacek 14y agoIf all (or even a significant fraction) of your net worth is in Bitcoin, then you are indeed a commodity trader; you're just dealing in a particularly silly commodity.