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buying what you can afford, storing safely, and forgetting about it.
Excellent. I thought I'd need to be on my toes or the internet would kill me or something. I feel there's quite a lot to read up on.
russmeyer-
I thought I'd need to be on my toes or the internet would kill me or something.
Just to qualify that.
There's obviously no guarantee that some cataclysmic Black Swan event won't happen and make all BTC near worthless.
Unless you have a physical wallet they can probably be stolen. If you do use a physical wallet you can probably loose it.
The people on reddit who take the long term view seem to reason that; 1) there is too much momentum so unlikely to fail, 2) in the medium to longer term it will be a digital gold equivalent rather than a regular currency, but with the limited amount combined with wide spread adoption means its current value is miniscule.
I'm not sure, but then I don't know much about it. My concern is the very convincing arguments I've heard in relation to the enormous global power consumption even at current levels.
Like any investment or gambling only invest/bet what you can afford to lose.
hugo7
Buy now quick as the price is low!
In all seriousness there has been a bit of a drop in the last few days. But it's a ridiculously volatile market so it's anyone's guess.
Over on reddit there seems to be a strong consensus for buying what you can afford, storing safely, and forgetting about it.
Worth keeping an eye on fees for getting your money out.