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Question: Assuming the bitcoin are stored safely, would you still consider bitcoin as a high risk high reward investment
High risk
Medium risk
Low risk
other, see comment below

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Author Topic: [Daily Speculation Poll] :: Is bitcoin a risky invesment ?  (Read 3296 times)
adamstgBit
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June 04, 2012, 10:33:37 PM
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June 04, 2012, 10:51:48 PM
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Lamentable I vote high risk, but it is tempered with a few qualifiers.  I think that BTC retains the ability to produce an extremely high monetary reward (not to mention political and others.)  Tempering that, however, is a belief that one will have to be knowledgeable, agile, and fairly lucky to boot in order to make the most of the various fruit which it could bear.


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June 04, 2012, 10:59:44 PM
 #3


If this is CATAN, here comes the robber!

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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June 04, 2012, 11:02:30 PM
 #4

Why can't I vote ? Are scammers not allowed to vote either Huh

I only see the options and that is it ...
adamstgBit
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June 04, 2012, 11:19:35 PM
 #5

When it all started to take shape bitcoin was regarded as a high risk investment with Huge potential.

1) Its well understood that the bitcoin economy, regardless of its size ( a highly speculative figure ), will not be affected by price fluctuation. ( 1$ / BTC or 10$ / BTC, for merchants this is meaningless).

2) Speculation as to bitcoins huge potential growth as the #1 online payment solution, appears to have been short lived ( the bubble  Wink )

3) Speculation as to bitcoin price movement is still very much alive, and so we have a high number of day traders trading bitcoins

4) Investors have no reason to fear bitcoin will fail anymore, the claims of bitcoins secure transactions and being impossible to counterfeit have been time tested and proven true


With all this said and done, bitcoin has proven itself.
The market is growing and has reached an equilibrium.

I would say bitcoin has become a medium risk investment while keeping its Huge potential.

But!

this Huge potential isn't priced into today's market rate. because Speculators have become skeptical as to bitcoin ever reaching main stream.

Most bitcoin Speculators agree, bitcoin will not suddenly grow100times its size in a matter of weeks. they belevie bitcoin will grow in a limited and gradual manner from now on.

They're jumping the gun on this one!
yes, Bitcoin will grow gradually, but it will also have grow spurts, as new technologies and ideas enable bitcoin to be more easily used and accepted

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June 04, 2012, 11:35:20 PM
 #6

Low Risk...

p2p network enforcing the rules.

Credible and extremely capable development team backing project.


Bitcoin is lower risk than every other financial asset in existence.  However that says nothing about it's trading rate.

One off NP-Hard.
adamstgBit
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June 05, 2012, 05:02:58 AM
 #7

I would like to see a post about why bitcoin is a high risk investment

2 years ago i would have agreed; bitcoin could of maybe gone back down to pennies, but that was 2 years ago.

so ya someone post your thoughts please.

Garr255
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June 05, 2012, 06:15:19 AM
 #8

Bitcoin is trending upward, obviously, so I'd buy now regardless of (low) risk!

If this is CATAN, here comes the robber!

Cheesy

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June 05, 2012, 08:50:57 AM
 #9

I would like to see a post about why bitcoin is a high risk investment

Cuz its very small. Single person can crash the market.
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June 05, 2012, 09:56:44 AM
 #10

Bitcoin is not that high risc as it used to be. At $5 I would say its between high and low risc in the medium term.

The potential far outweights the risc.

The risc I see is that governments will outlaw Bitcoin, but that is acctually very hard and not so good thing to do since they would risc being left behind as the world starts to adopt Bitcoin and their value increase.



 





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anu
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June 05, 2012, 10:28:58 AM
 #11

My impression is that my Euros lost against everything, my $ lost against most and my Bitcoins gained.

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Cluster2k
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June 05, 2012, 10:39:50 AM
 #12

The risc I see is that governments will outlaw Bitcoin, but that is acctually very hard and not so good thing to do since they would risc being left behind as the world starts to adopt Bitcoin and their value increase.

Governments have nothing to gain from bitcoin.  There is no being left behind here.

Outlawing bitcoin is actually quite easy: show examples of drug dealers/pedophiles/terrorists using it (real or not), write a law, pass it, ban bitcoin use by citizens of the country where the government governs.  This would automatically prevent that nation's banks from dealing with bitcoin exchanges, thus frustrating most ordinary users' ability to use bitcoin.  No need to block actual bitcoin use.  Just threaten users with penalties similar to money laundering.

Bitcoin isn't very useful to most people without free and open ability to transfer money to/from exchanges and the subsequent funds to/from banks.  Try to sell 10000 bitcoins for USD$ on the internet without using an exchange to see how difficult it can be.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
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Serge
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June 05, 2012, 02:54:49 PM
 #13

it's high risk on many fronts

- high risk on exchange rate
- high risk on lending
- high risk on investments
- high risk with 3rd party services and their security
cheat_2_win
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June 05, 2012, 03:47:50 PM
 #14

The risc I see is that governments will outlaw Bitcoin, but that is acctually very hard and not so good thing to do since they would risc being left behind as the world starts to adopt Bitcoin and their value increase.

If government bans bitcoin, value of bitcoin will go up substantially just like any other banned item. Only remedy is to destroy. How? I don't know.
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June 05, 2012, 03:57:22 PM
 #15

I think that Bitcoin is definitely high risk. At the same time it has massive potential, so the overall balance is quite positive in my opinion.

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anu
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June 05, 2012, 04:06:09 PM
 #16

it's high risk on many fronts

- high risk on exchange rate
- high risk on lending
- high risk on investments
- high risk with 3rd party services and their security


Wow, thank you. Without this help, I would just own my Bitcoins and spend them without loosing much sleep. Now thanks to you I know that my brain wallet has a high risk of lending and investment. And when I sell or buy something on Bitmit, the operators will likely run with the coins in escrow.

Man, you made my day :-D

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Vandroiy
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June 05, 2012, 05:03:46 PM
 #17

Bitcoin is high risk. Many things could go wrong at this point. A simple failure to reach critical mass, scaling problems with the block chain, loss of faith due to some large theft (e.g. a security breach in some widely used software causing a large fraction of all online wallets to be emptied) ... there's a lot that can cause trouble.

If it were not high risk, we couldn't possibly be around 5 USD/BTC.
Serge
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June 05, 2012, 05:32:18 PM
 #18

it's high risk on many fronts

- high risk on exchange rate
- high risk on lending
- high risk on investments
- high risk with 3rd party services and their security


Wow, thank you. Without this help, I would just own my Bitcoins and spend them without loosing much sleep. Now thanks to you I know that my brain wallet has a high risk of lending and investment. And when I sell or buy something on Bitmit, the operators will likely run with the coins in escrow.

Man, you made my day :-D

wear a helmet. it's good for your brain wallet  Cheesy
anu
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June 05, 2012, 05:51:55 PM
 #19

wear a helmet. it's good for your brain wallet  Cheesy

You jack of all trades, thanks for pointing out another high risk of Bitcoin. And even sharing a solution. A helmet, wow!   Cheesy

Zero Reserve - A distributed Bitcoin Exchange

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miscreanity
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June 05, 2012, 06:26:15 PM
 #20

Governments have nothing to gain from bitcoin.  There is no being left behind here.

Established governments are in danger of being pared back, but the benefits are enormous. It's just a shame they're so hard to recognize from within traditional systems.
  • Reduction or elimination of expenditure for currency management
  • Increased transactional currency stability
  • Preservation of purchasing power
  • Long-term stability and viability

Outlawing bitcoin is actually quite easy: show examples of drug dealers/pedophiles/terrorists using it (real or not), write a law, pass it, ban bitcoin use by citizens of the country where the government governs.  This would automatically prevent that nation's banks from dealing with bitcoin exchanges, thus frustrating most ordinary users' ability to use bitcoin.  No need to block actual bitcoin use.  Just threaten users with penalties similar to money laundering.

It is impossible to legislate anything out of existence, especially anything making use of advanced technology. What you're describing is a smear campaign, which must be maintained and increased in proportion to the elimination target's growth. Because of this, the resources thrown at a 'problem' can rise to exhaust the ability of a government to manage it; time is not a factor in any centralised government's favor.

Currency exchanges are currently the weakest link, but that does nothing to stop internal growth in the Bitcoin economy - in fact, it paradoxically hastens the growth of Bitcoin. Increasing disincentives in fiat systems spur users to flee to alternatives. If the fiat restrictions are great enough, users may completely switch to selected alternatives instead of remaining exposed to liabilities in the former.

Enforcement of Bitcoin prohibition is completely laughable. This would be akin to attempting to directly control every cell in your body all the time using conscious thought. Growth in use can by slowed, much like an infection. If a finger is gangrenous, it can be amputated, but would you incarcerate one of your arms by tying it behind your back or losing it altogether? Both arms? A leg?

Bitcoin isn't very useful to most people without free and open ability to transfer money to/from exchanges and the subsequent funds to/from banks.  Try to sell 10000 bitcoins for USD$ on the internet without using an exchange to see how difficult it can be.

Not yet, but the transfer to/from banks becomes irrelevant when internal Bitcoin economy growth expands. As payment in BTC is accepted more readily, there is no need for conversion to fiat. This transition is all but guaranteed now.

Familiarity with the operation of precious metals as currencies lays the groundwork for comprehension of Bitcoin. By the end of this decade, prices might be primarily denominated in bitcoins and gold/silver grams instead of fiat; one-world currencies completely different from the totalitarian fears imagined during the 20th century.
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