even then i hope you're doin it for fun not investment. until it stabilizes its just kindof a crapshoot. i have long decided that id try it if its stable and succeeding as a currency but not as an investment since the economics are absurd. its been good for those who made a buck off it but its a game and it may have many negative implications. many have taken losses on it already during crashes (or buying mining equipment -- at least EC2 is more like renting, heh). i guess it's buyer beware but i'm not totally convinced that the entire concept doesn't amount to a scam, which is why i get a little fiesty about it.
if people decide its a scheme and no one wants to buy, the only winners will be those who recognized the potential of a pump-and-dump scheme and have been cashing out bits and pieces all along
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Earlier this year I decided I would buy 10 or so bitcoins if the price ever fell to $10, and so far I'm sticking to that.
heh now there's a plan.
even then i hope you're doin it for fun not investment. until it stabilizes its just kindof a crapshoot. i have long decided that id try it if its stable and succeeding as a currency but not as an investment since the economics are absurd. its been good for those who made a buck off it but its a game and it may have many negative implications. many have taken losses on it already during crashes (or buying mining equipment -- at least EC2 is more like renting, heh). i guess it's buyer beware but i'm not totally convinced that the entire concept doesn't amount to a scam, which is why i get a little fiesty about it.
if people decide its a scheme and no one wants to buy, the only winners will be those who recognized the potential of a pump-and-dump scheme and have been cashing out bits and pieces all along
Your idea of investment is not the only possible definition.