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There are some good arguments there, but if you bought Bitcoin at $500 and it is now $2000 plus then it is doing better than anything else out there. If you are going to go out and put everything into it, that is nuts. But a moderate amount in crypto (several interesting ones out there) as well as hedging in other investments seems sensible to me. My thinking is always be willing to lose something. I wouldn't use Bitcoin as a pension plan and even they go bust as do most currencies. I am cynical so I expect everything to turn to poo really.
Miles I hear u and I would not scoff at Bitcoin. Past results is no guarantee of future performance but Bitcoin has done incredibly well. If you have the money and could drop a grand or two in it I'd say what the hell. My secret of investing is if the money you have in keeps you up at night you are not doing it right. If you can buy, sit on it and not stress I'd say go for it. For me one issue is I know nothing about it. I can study a stock learn the P/E and everything but how can I determine the fundamentals of crypto currency? It definitely is attractive the gains have been spectacular and I know they have some atms in NYC where you can cash out Bitcoins, I think u should do it miles, plus you can buy hardcore drugs online with Bitcoin
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They opened the first Bitcoin ATM here recently. They are recognising it in Japan. At least for the time being I think it is fairly solid. We will see though, governments and banks surely know the threat.
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