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If you're a hammer, everything looks like a nail, but bitcoin is probably a good place if you are willing to take anywhere near 40% risk of ruin. Bitcoin is li
by eof 14y ago
If you're a hammer, everything looks like a nail, but bitcoin is probably a good place if you are willing to take anywhere near 40% risk of ruin. Bitcoin is like 102 right now, I'd say the chances of it hitting 120 within the year is easily >60%.
Obligatory disclaimer: I have bitcoins and I think they are awesome. Also, if BFL ships and you can get one of their miners, it will likely give an easy 15% ROI (and probably be relatively liquid)
- bdcravens 14y agoHistorically (such short as it has been), it has dropped substantially ($33 to under $2 in a short period of time). Probably not going to see it get that bad again, but current rise is based on market sentiment, not anything magical due to crypto or tech. Even so, a 20% gain probably isn't that big of a deal. A random growth fund can do that.
- caw 14y agoI believe stocks on the whole fit this growth profile, based on the last bit of portfolio analysis I got. The next category up (higher risk, greater return) is things like options and futures.