- Joined
- Feb 26, 2007
- Messages
- 850 (0.14/day)
- Location
- USA
So you are comfortable investing in something that you know is being manipulated? If you're wanting to donate money to something there are charities out there that can do a lot more than a bitcoin investment.
If you think you are being a 'noble entrapeneur' by investing in bitcoin, well a lot of people prey on those type of people. Let me ask you, how many bitcoins did you invest in your ASIC miner? How much would that be worth at today's value? There are people out there that literally lost hundreds of thousands of dollars for ASIC miners that to this day, 1 year later, haven't been delivered to their doorstep.
As more and more drug/weapon dealers on the silk road get busted I think you will see bitcoin die off. But it seems like they are being replaced by wallstreet/marketing gurus that know just how to give a worthless item perceived value. Just look at the Winklevoss bitcoin investment portfolio. Jebus.
It was around 35, I chose to stop remembering when btc went over $100 the first time. Technically anyone that had an investment in btc when it went over $100 (and then stayed in all the way up to $266) and then back down to $40 something "lost" thousands. This is an investment in tech, it is not my entire investment portfolio. Yes I do think a digit currency can be worth something and yes I do see the point in investing in it.
This seems to be where you and I differ, I am fine with that.
Everyone that has asked me for advice in btc has been given the same answer. BTC is a digital currency that may or may not succeed. It is the first wide spread attempt and DO NOT invest more than you are willing to lose (this should be the basis for any investment anyway).
*edit*
Oh, and I have not received any ASCII miners either. I see the "promises" of them on their way but again my investment may be lost.
*/edit*