Author: | Mikey <[email protected]> | |
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. |