Quote from: Harmonica on February 04, 2015, 09:03:44 AM

Quote from: zimmah on February 04, 2015, 08:47:33 AM

if you are planning on buying thousands of bitcoin to retire on, you would be better of using the money to buy gold with, that's a much safer investment.

it's an insane amount of money.

it's like buying several thousand tons of gold. It's quite a large fraction of the total amount of bitcoin in circulation.

Gold may historically be a safe investment in times of financial uncertainty. However it is only a means of maintaining wealth, a store of it and not actually a vehicle. Plus other than its unique composition and limited uses (compared to other metals) it could be worth very little in the future. Precious metals have very little meaning or value to the younger generations, which I personally feel will have an impact it in the not so distant future.

if you rely on it for retirement you should not invest it in volatile assets.

that's gambling with your future.

Quote from: racsas on February 04, 2015, 10:02:07 AM

for me, 1 btc is a lot Grin

, but I have seen a bc acct with over 10k btc in there Shocked

could be an exchange or something

although the winklevoss claim to have 1% of all bitcoins which would be several hundreds of thousands. Which is a ridiculous amount.