Quote from: Melbustus on March 21, 2015, 07:13:33 PM

Quote from: lumen on March 07, 2015, 08:59:21 AM

...can hold upto 1 year

Uh, if your timeframe is <=1yr, neither of those makes much sense. Gold is a long-term hedge against a fiat collapse that somehow results in at least some of the world regressing to a gold-standard, and bitcoin is long-term bet on a new inflation-hedge digital-money asset-class plus growth of a new censorship-resistant global payment network (plus some probability that in a fiat-collapse people would find bitcoin more useful than other alternatives (like gold-backing a new fiat)).

It makes almost no sense to think about either on sub-year timescales.

The problem in the crypto scene is that most people here are novel investors and have no idea what timeframes are normal.

No sane investor would do a buy&hold strategy into stocks, if they need the money within 6 or so months. In bitcoin that is the daily business...