Quote:
Originally Posted by nickcornilsen
Don't try to paint those who are warning against it as just "not knowing what it is."
I researched it quite alot 4-5 years ago, and even had some bitcoin for a bit. Made a bit of money. From that research, I realized it's not something that should constitute any significant portion of your investment portfolio. Sooner or later, it will collapse because there are no stabilizing feedback mechanisms for the price, and even as people adapt to the notion of a digital currency, nations will will ban bitcoin/any other 'coin' and create their own. It will be a victim of it's own sucess.
buying these coins as speculative 'investments' also isn't investing in "block-chain technology"
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I'm not saying you or anybody else is thinking something or doing anything. I was looking for a conversation about a popular topic in "investing" Im also not advocating for anything. You clearly do not think its worthy of being called an investment and I'm ok with that. I call it that because thats how I look at it.