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Don't just look at Bitcoin, look at some of the other currencies with finite quantities like LTC (Litecoin) and ETH (Ethereum).LTC is from a US based miner and was sitting at $130 5 days ago, thankfully I bought $5k worth and now it's at $289 or so. The biggest concern is that the US government will start the regulate the currency and that's when there will likely be a burst. However, I'd rather lose 50% in value on $300 than 50% in value on $16000. I still keep a majority of my nonliquids in mutuals or stable Fortune 500s.The success of Bitcoin will trickle down to some of the other cryptocurrencies. Remember a "bitcoin" is nothing more than an algorithm that is stored in a blockchain (digital ledger). Also, don't dump your money into some foreign currency exchange so that crazy North Korean fella can steal it, then you'll be funding his missile program.There is risk in all investments I guess
Don't just look at Bitcoin, look at some of the other currencies with finite quantities like LTC (Litecoin) and ETH (Ethereum).
LTC is from a US based miner and was sitting at $130 5 days ago, thankfully I bought $5k worth and now it's at $289 or so. The biggest concern is that the US government will start the regulate the currency and that's when there will likely be a burst. However, I'd rather lose 50% in value on $300 than 50% in value on $16000. I still keep a majority of my nonliquids in mutuals or stable Fortune 500s.
The success of Bitcoin will trickle down to some of the other cryptocurrencies. Remember a "bitcoin" is nothing more than an algorithm that is stored in a blockchain (digital ledger). Also, don't dump your money into some foreign currency exchange so that crazy North Korean fella can steal it, then you'll be funding his missile program.
There is risk in all investments I guess
