Quote:
Originally Posted by BlackCrayon
sure but i am talking about the here and now. of course over time things will happen to make a dollar worth less or worth more but with bitcoin, its value can change from day to day so much its crazy. if bitcoin does ever "completely" stabilize then all the people holding bitcoins for investment/speculation reasons will most likely get out causing a crash in the price of bitcoin.
i stopped posting in bitcoin threads because what will happen is anyone's best guess but i think its safer to assume bad things will happen with bitcoin rather than good simply because its so new, not well understood and has a huge uphill battle to become commonplace. we both have our views and biases but i thikn people like myself are looking at it more objectively than people like yourself who i assume have a vested interest in it.
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The value of *any* currency changes from day to day too so that isn't really a good comparison imho.
I'm sure when credit cards were originally introduced people said the same thing... Have all your money on a piece of plastic, I'm sure something bad is going to happen with that...
Do I have a vested interest in Bitcoin? Yes. I want to see the value go through the roof, but that is based on what I currently have in my wallet, in bitcoin stocks and other intangible assets, my initial investment was made back in 2 weeks of depositing when BTC started to fluctuate wildly, as well as regular monthly withdrawals of pure profit since right now I'm riding on 'free' money (once withdrawn) so if BTC drops or raises I don't really care, I got out much more than I put in anything above and beyond that is gravy.