"Investing" in bitcoin is not a good investment.
I agree with this. Bitcoin is still very speculative and is not guaranteed to increase in value.
People should buy bitcoin if they intend to do something with it (generally spend it on something)
You just have to look at the pricechart over the last 6 months.
And, how would it help you to look at ONLY 6 months of an asset that has been in existence for a little more than 5 years and has more data than merely the past 6 months? NOT making too much sense to me, at the moment... so please explain..
It would show the volatile nature of Bitcoin.
So fucking what? Six months still remains only part of the picture,...
The big picture may include a much greater drop or even a catastrophic failure. This is a social experiment in uncharted waters. I think bitcoin will rise in the future, but that means nothing.
When people here say "invest" they really mean "speculate". I don't know, but I think that at this point most people who speculated on BTC have lost value. It may ultimately be profitable, but it must be considered risky at this point.
By all means do as you wish. However you are not going to get much sympathy if you are buying bitcoin with money you need. Plenty of people here have messed themselves up financially trying to get rich with something they barely understand.
You are responding to my post; however, it appears that you are merely selectively responding to my post and reading my post as you wish.
Within this thread, I have made several posts, and none of them discount the volatility or the risky nature of bitcoin as either an investment or a speculative asset.
Along these same lines, your post seems to either assume or to highly suggest that investors are going into any bitcoin investment in a "balls to the walls" sort of manner.
Surely, I have met and even encountered quite a few people who seem to think in these kinds of terms, but in my thinking, this is NO way to go about investing in bitcoin in the last 10 months (or at least between about early December 2013 and about April 2014. During that time frame, anyone who would have researched a little bit into the price history of BTC and its recent performance should have recognized the volatile nature of BTC as an investment.
However, since about April 2014 and thereafter, there may have been some decent rationale for investing "balls to the walls" in BTC - since by April-ish 2014, there had already been a considerable price correction from the previous price bubble (that occurred in November-ish 2013). Anyhow, each of us need to individualize our choices and our investment strategies in regard to whether and how to invest (or NOT to) in BTC.
And, as a large number of informed persons regarding BTC have concluded, it seems to be a good thing to incorporate BTC into ones investment strategies (even if only in a relatively small way, such as 1 BTC). I personally believe that any investment portfolio should shoot for acquiring at least 10 BTC at todays prices - but this investment could be spread over time, and may need to be adjusted based on future BTC price performance, and/or changes in BTC fundamentals and/or the individual investment method that a person chooses.