RationalSpeculator
Sr. Member
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Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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May 18, 2013, 06:44:41 AM |
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Interesting poll!
I also don't like counterparty risk, but I equally don't like losing value.
The risk/reward of bitcoins - right now - seems less favorable to me than the risk/reward of a btc stock like Satoshi Dice.
This because bitcoin just tenfolded and chances are high that it will continue to correct over the next half year. And even if it would go up, it will likely only double/triple from here for the remaining of the year.
So risk of losing value is relatively high and upwards potential is relatively low.
In contrast, Satoshi Dice will likely continue to grow at a similar rate as it has in the past (x10/year), and the stock will likely continue to be valued at similar P/E ratio (10), so the risk of losing value is much lower for the remaining of the year and upwards potential higher.
I'm willing to take the risk of higher counterparty risk, in return for a higher chance to make profit.
Am I making sense? Or do you see where I miss something?
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