Cryptocurrency

[Ming the Merciless]

Originally Posted by Rausch

And you could lose every single dollar tomorrow...

(And I'd argue you will, save bitcoin.)

again, youre wrong

you could and people have lost all of their bitcoin overnight. also bitcoin could easily devalue to 0. EASILY. (i dont think it will....but neither will ethereum or litecoin)

bitcoin is speculation also...

Im not sure what your point is.... that bitcoin is somehow different?..its not...its the highest market cap but there are others with a market cap in the billions as well.

30 billion dollars of ethereum isnt just going away tomorrow...and I would argue you would be better off investing in ethereum at 300 than bitcoin at $6000....

so yes, you could lose every single dollar...but you could easily do that with bitcoin too. the real question is how much can you MAKE? and what is the safest way to make money with coins. The safest way is diversifying into the better coins....the more risky way is putting all of your eggs into the bitcoin basket that COULD disappear too, contrary to your advice.

frankly , all coins are extremely risky...to sit there and act like bitcoin is a safe investment is bullshit. Anyone investing in coins obviously needs to have some risk tolerance...so the question really becomes risk vs gain. Other coins might be a better reward for not much less in risk.......I actually have money in coins and other really risky things...but only about 1-2% of my portfolio...because I am not that risky of a person.