The more I think about it the more I think he's right. My long term bet is on BC not lasting. In which case while I'm still tempted to buy some on a punt, it will be 100% pure short term speculation.
If your only interested in short term speculation I would recommend you take out a contract for difference CFD tracking the mtgov exchange price?
This allows you to benefit from the change in price without having to place large sums of money directly into the unregulated bitcoin world.
Even better as you don't believe in the technology you could Lay the price and win when it falls.
This brokers site is truely impressive and they give you a £20 signing on bonus - http://www.plus500.co.uk
Speculating in bitcoin over establish commodities such as oil, gas, gold seems highly riskly if you think it a flawed bubble.
But then you'd be better off posting in the 'investors' thread.
If your only interested in short term speculation I would recommend you take out a contract for difference CFD tracking the mtgov exchange price?
This allows you to benefit from the change in price without having to place large sums of money directly into the unregulated bitcoin world.
Even better as you don't believe in the technology you could Lay the price and win when it falls.
This brokers site is truely impressive and they give you a £20 signing on bonus - http://www.plus500.co.uk
Speculating in bitcoin over establish commodities such as oil, gas, gold seems highly riskly if you think it a flawed bubble.
But then you'd be better off posting in the 'investors' thread.