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TonyOliver
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December 23, 2013, 11:21:18 PM |
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My bad - sorry for accusing you of spamming - it just seemed very off topic - and self promoting.
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dopey
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December 23, 2013, 11:29:20 PM |
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The idea of putting all of your eggs into one basket is a scary one. A diverse portfolio has always worked well in the past for investors for various reasons.
My all time favourite portfolio item will likely always be physical gold and silver (actually holding the currency, not on paper).
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TippingPoint
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Activity: 905
Merit: 1000
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December 23, 2013, 11:38:08 PM
Last edit: December 23, 2013, 11:49:28 PM by TippingPoint |
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Gold is a good storage medium of wealth, but Bitcoin is superior when transferring wealth between different countries.
You probably don't want to ever show up at an airport security checkpoint with a suitcase containing gold coins or having them taped to your body.
And most (or all) people still need fiat currency for purchases, and banks for documented income and expenses.
So diversification is useful.
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luqash3
Newbie
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Activity: 42
Merit: 0
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December 26, 2013, 03:05:16 PM |
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madmadmax I would love to store my wealth in bitcoins as they may earn me huge profits. In fact I already own large proportion of my wealth in bitcoins and never sell in panic when prices fall but instead buy more bitcoins as I know it shall bounce back soon.
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Timetwister
Legendary
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Activity: 1199
Merit: 1047
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December 26, 2013, 06:09:56 PM |
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Of course not, I prefer having productive assets. I hope investing bitcoins becomes easier in the future. BTC stock exchanges are a joke now, I don't know how many no longer even exist.
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countryfree
Legendary
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Activity: 3066
Merit: 1047
Your country may be your worst enemy
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December 26, 2013, 06:36:23 PM |
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I won't make the switch because I just couldn't live without bank accounts and credit cards. I may have a busy lifestyle, but there are things I need that BTC simply can't provide.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Aswan
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Activity: 1734
Merit: 1015
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December 26, 2013, 07:08:32 PM |
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Would you store all your wealth in BTC?
yes |
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jongameson
Member
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Activity: 84
Merit: 10
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December 26, 2013, 07:52:02 PM |
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yes, all of it  |
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theecoinomist
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December 26, 2013, 08:21:09 PM |
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I won't make the switch because I just couldn't live without bank accounts and credit cards. I may have a busy lifestyle, but there are things I need that BTC simply can't provide.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
You can buy plane tickets, buy (some) stocks and receive payment in BTC. |
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Timetwister
Legendary
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Activity: 1199
Merit: 1047
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December 26, 2013, 08:26:06 PM |
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I won't make the switch because I just couldn't live without bank accounts and credit cards. I may have a busy lifestyle, but there are things I need that BTC simply can't provide.
How to buy a flight ticket without a credit card?
How to rent a car abroad without a credit card?
How to get paid without a bank account?
How to buy stocks without a bank account?
I still think it's great that some people believe so much in BTC that they choose it as their main currency, but they will have a hell of a life.
You can buy plane tickets, buy (some) stocks and receive payment in BTC. There aren't many stocks to buy (just some mining companies and casinos), and it's quite difficult and insecure. I hope more businesses make investing as easy as for example Just Dice. |
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Swapster
Member
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Activity: 131
Merit: 10
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December 26, 2013, 08:50:15 PM |
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I have seriously considered cashing out my 401k, taking the tax hit in the process, and put it all in Bitcoin (well over six figures), but that chance of BTC going to zero is a real possibility. I can't gamble my retirement on it. I may not be rich when I retire, but I will have something to maintain my lifestyle…. at least until the dollar crashes, then all bets off  |
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