Author: Mikey <[email protected]>     Reply to Message
Date: 10/24/2017 7:50:35 PM
Subject: RE: Bitcoin

Some cryptocurrency will probably outcompete all fiats at some point in the future. Biggest issue with Bitcoin is whether it is Facebook or MySpace.

I think 100k for a Bitcoin is completely plausible, and given the risk/reward I think it may be worthwhile to convert a modest percentage of savings (5-10% max) into Bitcoin.

The other trouble is knowing when to sell, thought most success scenarios for it reach a relatively stable equilibrium and so selling may not be necessary. You have to be completely comfortable losing your entire investment though, imo.

It's a real all or nothing gamble. If it cements itself as a (the?) major currency, you win. If it loses, it could drop precipitously.
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