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Jan 17, 2018 at 8:42 vote accept Peter
Jan 16, 2018 at 17:00 comment added Nathan Merrill I don't currently invest in BTC, but I do find all of the stuff around it quite interesting :)
Jan 16, 2018 at 16:11 comment added Grade 'Eh' Bacon Feel free to disagree with me, and buy BTC to your heart's content. BUT: for your own sake, please really do think about how the volatility of BTC is a sign of its inherent risk, and don't ever invest more than you can afford to lose completely, in such a risky asset class.
Jan 16, 2018 at 16:10 comment added Grade 'Eh' Bacon @NathanMerrill I think, just to dial back on the snark, what I really want to emphasize to someone who is 'pro-bitcoin' reading this and thinking I am attacking: I really am not trying to. All I am saying is that BTC has risk. Risk is defined in finance as the magnitude of variance in future outcomes. Risk can carry reward, sure (does it in Bitcoin? I would argue no, but that is not really the point I'm trying to make). You ignore risk to your own detriment. Finally, my point about 'not suitable for long term investment' is simply that a currency pair is relative only. No inherent growth.
Jan 16, 2018 at 16:04 comment added Grade 'Eh' Bacon @NathanMerrill Yes, that's a pretty good definition for the word unproven, probably #2 or #3 in Webster's. BTC moves ~5% in both directions on a good day. For a stable, known currency pair like USD:EUR, 1% net movement in either direction would be relatively newsworthy. In the past month BTC has decreased in value 40-50%. If that happened with 2 'FIAT' currencies, it would mean pandemonium.
Jan 16, 2018 at 16:01 comment added Nathan Merrill What does "unproven" mean? Is it simply a term for "hasn't been around for a long time"?
Jan 16, 2018 at 14:11 history answered Grade 'Eh' Bacon CC BY-SA 3.0