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January 12, 2014, 05:56:55 PM |
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I am basically brand new to Bitcoin (well, I have about 2.1 Bitcoins from a few years back), but I only recently took notice again and I just bought another ONE (so I have about 3.1 total). I don't mine, not seriously (I only allow my Gaming rig to cycle when I'm sleeping)...but I do think Bitcoin has a promising future as a currency (maybe THE currency?). I don't expect to logarithmically grow my money like I would have if I bought in 2009...and in fact, I don't really expect to use Bitcoin as a vehicle for increasing the value of my fiat holdings...
So really, I just want to buy bitcoins...for the sake of owning bitcoins. My questions are these: Should I keep buying them on the regular at these "high" prices ($800-1000+ USD as of Jan 12, 2014)? Should I invest a % toward other cryptocurrencies (and if so, which ones?)...should I buy some actual gold...or should I just keep investing all my $ into my other growing businesses in the "real" world?
If bitcoin buying is worthwhile, how much of my disposable income should I use for the acquisition of bitcoins? By disposable, I mean after all my bills and liabilities are paid...what percentage of my spending cash should I transfer to bitcoins? Should I go all in? Is there much or any risk of bitcoin simply not being valuable to humans anymore? Or is it a fairly safe assumption that they will be here for the long haul...and won't become intrinsically worthless somewhere down the line?
Thanks!
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