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Author Topic: 2013-08-29 Market Watch - Do bitcoins belong in your retirement portfolio?  (Read 1033 times)
ArticMine (OP)
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August 29, 2013, 06:08:19 PM
Last edit: August 29, 2013, 06:31:13 PM by ArticMine
 #1

http://www.marketwatch.com/story/do-bitcoins-belong-in-your-retirement-portfolio-2013-08-29

I of course would argue they are a must.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 29, 2013, 08:31:07 PM
 #2

Hedging your bets is usually a good idea. I really don't get why people are so afraid to put in even $100 at this point.

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August 30, 2013, 12:33:07 AM
 #3

Hedging your bets is usually a good idea. I really don't get why people are so afraid to put in even $100 at this point.

Because the price is still very low. When Bitcoin is recommended to the average consumer by the mainstream media as an investment then it will a very good indication that the time to sell has come. A really good indicator as to when to go short is when it is promoted on late night TV.

This by the way applies to many investments not just Bitcoin.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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August 30, 2013, 12:53:46 AM
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put 2% of your net worth in bitcoin and you'll retire a millionaire. 
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August 30, 2013, 01:46:27 AM
Last edit: August 30, 2013, 02:04:20 AM by ajw
 #5

put 2% of your net worth in bitcoin and you'll retire a millionaire. 

[sarcasm]2 dollars does not equate to millionaire even 100 years later remember you don't gain interest like an annuity.[/sarcasm] 

thanks again this read has been great!

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August 30, 2013, 02:34:14 AM
 #6

It is always wise to diversify.  So bitcoin is wise.

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