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I'm pretty sure that Grade A bonds, CDs, and IRAs, among few others, accounts are the only types of investments that one should consider putting more money then
by jimktrains2 14y ago
I'm pretty sure that Grade A bonds, CDs, and IRAs, among few others, accounts are the only types of investments that one should consider putting more money then they're willing to loose into.
Bitcoins is a ForEx market, and like any ForEx market, you can lose money, quickly.
- gibybo 14y agoTechnically speaking, an IRA is just a (brokerage|bank) account with a special tax designation. It won't stop you from putting all your money in a penny stock or out of the money options, for example.
- jimktrains2 14y agoAh. I thought they were a combination of various things that made them fairly stable, or more so than a 401(k) anyway. Thanks for the clarification.
- jbooth 14y agoUnless you do most of your financial transactions in bitcoin, you're treating it as a speculative investment. If you're buying bitcoins in order to make an online purchase, you're using it as a currency. If you're buying bitcoins, then selling them back to dollars/whatever when you need money, you're treating it as speculation.