posted on Mar, 16 2014 @ 08:45 PM
reply to post by Notheycant
Do you own Bitcoin and have any stories to share? What are your major concerns with it? I'm curious to know whether people trust it more or
less than the U.S. dollar.
I am a long time bitcoiner. I have certainly had my ups and downs- especially now with the MtGox meltdown. Thankfully I am lucky to be working with
some fantastic ninja lawyers
Anyhow, here is a little scrapbook primer to help people just starting out:
(see bitcoins are related to aliens
My best recommendation is don't invest more than you are willing to lose. Virtual currencies are extremely volatile. I don't even sneeze when I see
40% price swings.
That said I am still extremely bullish. Bitcoin might be the honey badger
, but it is not infallible.
In fact I am positive it will be improved upon and possibly even eventually replaced. The scrapbook gives a hint of where I think it is going.
Bottom line though I think the technologies underlying Bitcoin (i.e. the
) are here to stay.
edit on 2014-3-16 by Xtraeme because: (no reason given)