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Prudent speculation offers an additional alternative in the emergence of crypto-currencies, and Bitcoin in particular. Bitcoin is still very young, and many things can still go wrong. Technical, legislative, and public relations land mines can all waylay its grand ambitions of serving as the egalitarian currency of choice in a post-nation-state world.
That being said, activists in the Bitcoin community are doing all the right things. Perhaps most important, mistakes are flushed out and solved in the open. There are no backroom deals by bankers carving up the hopes and dreams of Cypriots to pay for their own speculative folly. Instead, Bitcoin mining and transaction data is readily viewable by all that participate in the Bitcoin ecosphere. No hidden balance sheets or stealing from the unwashed masses to protect the ill-gotten wealth of the oligarchs.
If you have not yet started with Bitcoin, dip a toe in and start small. Read about Bitcoin and perhaps start mining. It is not as difficult as it sounds, and there are many online resources available to get you going. In time, you may find that Bitcoin merits a place in your diversified portfolio.
That being said, activists in the Bitcoin community are doing all the right things. Perhaps most important, mistakes are flushed out and solved in the open. There are no backroom deals by bankers carving up the hopes and dreams of Cypriots to pay for their own speculative folly. Instead, Bitcoin mining and transaction data is readily viewable by all that participate in the Bitcoin ecosphere. No hidden balance sheets or stealing from the unwashed masses to protect the ill-gotten wealth of the oligarchs.
If you have not yet started with Bitcoin, dip a toe in and start small. Read about Bitcoin and perhaps start mining. It is not as difficult as it sounds, and there are many online resources available to get you going. In time, you may find that Bitcoin merits a place in your diversified portfolio.
http://www.caseyresearch.com/cdd/money-wars