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If you bought Bitcoin a month ago, your investment would have doubled, so clearly your logic is off.
by a3voices 13y ago
If you bought Bitcoin a month ago, your investment would have doubled, so clearly your logic is off.
- ugexe 13y agoWho cares if it doubles if you can't sell it
- a3voices 13y agoYou can easily sell it. coinbase.com, bitstamp.com, btc-e.com...
- jeffasinger 13y agoDepending on where you are localbitcoins makes it very easy to sell too.
- ugexe 13y agoBy easily do you mean at the whim of the company? Coinbase is pretty famous for stealing peoples bitcoins and/or not paying out.
- mistercow 13y agoSources?
- ronaldx 13y agoBy saying the value is volatile, it admits the chance of increasingly quickly but also the chance of decreasing quickly. With the benefit of hindsight, it's very easy to see which happened, but this doesn't necessarily make something a good investment if you think it is volatile. If there was no risk associated with buying Bitcoin, its value would have already stabilised.