"Bitcoins are fascinating, for mathematicians, economists, traders, investors, politicians, regulators, and anarchists. And while watching the currency develop is entertaining, the experimental currency is no place for serious investing given the risk versus reward. Attempting to trade in established currencies is difficult enough."
I could have lived with it if they had said 'the experimental currency is no place for serious investing given the risk ', wouldn't have agreed, but that would be ok.
But 'risk versus reward'? Seriously dudes? Guess that makes the writer a smarter investor than the rest of us here, who just happen to have had a pretty decent reward these past couple of months
.Yeah. Nobody has yet refuted the scenario analysis of mine (and countless others), which evaluates to $500, $1000, $2000 or $5000 present value, all time preferences and risks considered. As long as the present price << present value, there is no bubble and the rise may continue. The writer is smartass enough to maybe have $50,000 in assets. We can give him a tip of BTC0.0001 ten years down the road, while he is dreaming of the lifestyle BTC500 could have bought him if he had acted on time.
