[2016-08-30] Peaks, troughs and hacking: Why would anyone invest in bitcoin?

[sirohige]

Bitcoin has had a hectic year, with prices spiking and high-profile thefts keeping it in headlines. Being cautious around the cryptocurrency might be understandable, but experts defend it as a viable investment.

Last August, bitcoin traded at around $230. One year on and the price has more than doubled to nearly $580. Not forgetting, the price spiked to over $760 in June before coming back down steepily. That kind of volatility would make some investors wary.


http://www.cnbc.com/2016/08/30/peaks-troughs-and-hacking-why-would-anyone-invest-in-bitcoin.html

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[gentlemand]

Vanilla investors haven't got what it takes. They should let the Real men and women do the heavy lifting until it's ready for their candy asses.

[1Referee]

Bitcoin is an interesting investment for everyone. I have been hearing quite some people around me saying that they would have had made a nice profit if they bought around $200-$250 and they sold at the peak in June. But they haven't bought a single satoshi!! These kind of people are always talking instead of taking actions. People should put their money where their mouth is and do it for once.

[TraderTimm]

CNBC is always taking the "tough" approach to cryptocurrencies. They don't trust an asset class that isn't fully corrupted and vetted by the oligarchs.

Their job is to slag it and smear it as much as they can, because if Bitcoin catches on at all in the financial space (as certain trends indicate it can) then the entire landscape changes, taking out a lot of formerly rich and powerful people with it.

I look forward to when they'll be forced to carry a price ticker some day on crypto, that'll be our sweet revenge.