Posted on 03/14/2014 7:44:19 AM PDT by Errant
Remember the internet in 1996, everyone kinda knew what it was about. It was something big, new, and vast—but what exactly it did for you was unclear. Bitcoin is in a similar state: It’s fairly new, unclear, and holds enormous promise just like the early Internet. The only difference is you can actually buy a piece of the Bitcoin network.
This article is for the professional that has a reasonable savings (whatever that means to you) and at least a basic understanding of investing. You may likely invest in stocks, bonds, real estate, your own business, and many other things. You should also invest 5% of your portfolio in Bitcoin.
(Excerpt) Read more at bitcoinvista.com ...
[Cementjungle]: So, are people putting portions of their life savings into Bitcoins.. in case of a collapse? What percentage do most put it? 50%? 90%?
[Errant]: I would feel very uncomfortable investing over say 5% of net worth in crypto at this point. I bounce between 1 - 3%, depending upon it's value and what I have in a wallet at the time. Pretty sure I'm close to the norm... ;)
Folks think nothing of giving up 3% to some CC company for the utility of using their payment method and think nothing of paying 10%+ interest on top of that, while the thought of putting a few hundred or thousand dollars into something they don't understand with an easier and cheaper use and potential for increased value, drives them crazy. :)
Go figure...
That’s the craziest thing I’ve ever heard of.
But it’s just numbers in some computer not real money blah blah blah /ignorantrant
Other News:
•Hong Kong’s First Bitcoin ATM Goes Live Today
•Singapore to Regulate Bitcoin Exchanges and ATMs
•Bitcoin enthusiast wants to set up the virtual currency in Cambodia
•Iranian Government Could Move Quickly to Regulate Bitcoin, Reports Suggest
•Macro Energy Shares Soar on Australian Stock Exchange Following Bitcoin Deal
Wandering around in some fever swamp....
What is this trying to build the “cashless” society that somehow comes into being for the future world that is “Star Trek”? In that “more nearly perfect” future, there never seems to be much reference to stores of value or transactions for goods or services, they just magically appear when the plot line calls for it.
LOL! What’s a portfolio? Got my money tied up in buying gas for the vehicles. Not much ROI on that though. ;>}
No thanks.
My money is in hard assets - agriculture, gold and lead.
I don't pay interest on anything (no mortgages on any of my properties and no credit card balances), and have to pay (built into prices) CC processing fees on products I buy regardless of what payment method I use.
Going to all the trouble to try and buy things with Bitcoins won't save me a penny. Besides, Bitcoin holders aren't getting interest-free loans from anyone.
I got 5% in Tulips instead
It's a commodity trying to pass itself off as a currency.
Coffee, canned tuna and ammo. And a handpump for the well.
Nice reference.
Smart man.
I’d buy 2 coins to get framed and hang on the wall, but nothing beyond that. They’d look nice along side of my set of framed US Mint $2 bills.
Anything can be used as currency. Shells have been used as currency.
Do you remember Y2K, and what the hair-on-fire, predictions were.. So? .. NEXT..
Sometimes you win, and sometimes.. ya know
That rear view mirror is fuzzy, but fun.. Whats the point? Are you saying Bitcoin is the new internet, or is it Y2K?
Meh? All I’m sayin’ is that I felt 5% would be my limit and the author of the blog agrees... Not sure if he reads FR (i.e., Freeper), or it’s just a coincidence...
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