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To: bkopto
I think that a small nominal amount of liquidity in things like paypal, Amazon, etc. is a good idea. That may also apply to bitcoin, though i am not familiar with its portability.

However, Like I said earlier, significant position in electronic currency is very dangerous, as with no sovereign tying benchmark, a rapid decline would not be hard to envision. Hedging it as a guard against negative interest rates is highly not recommened.

9 posted on 02/19/2016 10:58:52 AM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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To: catfish1957

Yes, there certainly is risk in btc. Don’t put in more than you are willing to lose. Btc is undergoing growing pains right now, with controversy over the so-called block size, a parameter built into the code.

That said, there are really talented developers in btc, and there is a lot of silicon valley VC money pouring into btc. With this concentrated effort by really smart guys, I analogize it to the beginnings of the internet in the early 90s. I think its worth the risk to tag along with the smart guys. But that’s just me.


12 posted on 02/19/2016 11:12:41 AM PST by bkopto
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