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To: oblomov

Should I have bitcoin? I don’t have any.


9 posted on 12/21/2016 10:02:13 AM PST by Yaelle
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To: Yaelle

Found this so maybe so. (Answering own question)

https://www.reddit.com/r/Bitcoin/comments/4nqr6l/should_i_buy_bitcoins_now/


10 posted on 12/21/2016 10:10:00 AM PST by Yaelle
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To: Yaelle

It has had a big move up over the past year, rallying from 300 to over 800 in the past year.

Valuing it is difficult, but in my view the use value and exchange value are both potentially much higher ($4K/bitcoin is my target by the end of 2021).

I am still buying since I have not yet reached my target allocation of 2% of my investment portfolio.

If you are interested in buying, my suggestion would be to use a reputable service such as Coinbase, and to dollar-cost average into a position. At Coinbase, you can buy small (or large) amounts using ACH withdrawals from your bank account. Coinbase has made it very convenient for me to accumulate a modest position, a few dollars at a time.


18 posted on 12/21/2016 10:29:32 AM PST by oblomov (We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
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