Rank: New-farer Joined: 2/17/2010 Posts: 47 Location: Nairobi
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 I agree with you. Very nice analysis. But I would like to point the case in point of the recent hack on BitStamp and maybe MtGox. That is what I mean by loosing your investment in case good safety measures are not in place. But I agree with you 87% and I believe in Bitcoin. mic_mic wrote:liomungai wrote:But one thing is for sure; Bitcoin value as an "asset" is HIGHLY Volatile. You can loose your entire investment in a second. At least Gold is a "little stable" I will disagree slightly.
You will not lose your investment -- you will still be holding bitcoins, only that their market value will be much less. Remember Gold has been in existence for at least 100 years, there is still time.
Equity Stocks are WORSE! When a company goes bankrupt, ordinary shareholders are entitled to the residual value after ALL other priority creditors, liabilities and preferential shareholders get their cut. You are actually left holding nothing. IMO, this is worse. Once a company is liquidated that is the end of it. There is no more company!
Back to bitcoin. Bitcoin will outlive you,I and most companies we have today.
Have your pick!
:) People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
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