Quote Originally Posted by Xmac View Post
This is not an investment discussion group, not this thread anyway.

The purpose of this thread is not to advocate investing in Bitcoin the currency or even a Bitcoin company like Bitpay, for example. Although when I was asked, I respond as I already have: one to five percent of discretionary income.
No, you went quite a bit further. You encouraged investment in Bitcoin, with a 3-year horizon:

Quote Originally Posted by Xmac View Post
If one has money they know they won't need for at least three years, I'd invest one to five percent of my disposable income in it. Why, because it has become increasingly stable and the long term outlook is favorable for growth.
So bae, I guess I'd like to hear your explanation as to why, in a period (a year) of such steep decline in price, the investment rate in the technology of Bitcoin continues to rise dramatically? Are these entrepreneurs, who are investing to the tune of hundreds of millions of dollars, all fantasy-football types? That would seem to suggest a level of puffery that would be high, even for the most dedicated naysayer.
I am not the one making the bold claims about the future of bitcoin and the block chain technology - the burden is on you. I have however asked *you* what investments you are making in this area, and how, and you dodge and weave. That speaks volumes.



If I agreed to send you a dollar's worth of Bitcoin would you learn how to receive it?
Nope. Say Bitcoin soars 20x over the next 3 years. I'd make $20 pre-tax profit, for the cost of 5-10 minutes to set up a wallet, and another 5 minutes to think of some way of remembering the keys in a useful fashion. Not really worth the time, I'd rather spend it chopping firewood or something useful.