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People have varying risk tolerance. For someone who is young, travels a lot and has several sources of income, Bitcoin is an attractive option.
by alexmat 13y ago
People have varying risk tolerance. For someone who is young, travels a lot and has several sources of income, Bitcoin is an attractive option.
- acjohnson55 13y agoIf your risk tolerance is having vastly different amounts of wealth over the course of the day...then sure.
- alexmat 13y agoOn a day to day basis sure, but over weeks and months, the trend has been positive. As long as you purchase bitcoins well in advance of when you need to spend them, they have historically preformed very well even with all the volatility. Assuming you buy into the idea of network effect creating a positive price feedback loop, it's a reasonable place to stash cash that you may need on short notice or when traveling abroad. For reference: http://bitcoincharts.com/charts/bitstampUSD#rg1460ztgSzm1g40zm2g25zvzl http://bitcoincharts.com/charts/bitstampUSD#rg1460ztgSzm1g40...