I agree Bitcoin is not a good life savings plan at this volatile stage in its life. But as the number of users increases, I suspect it will stabilize.
Yes, you shouldn't buy when it unrespectably fluctuates between $45 to $62. You should buy when it respectably stabilizes within $16,300-$16,400 range.
Yes very funny, ok I get your Sarcasm and your Absolutely right. So I guess the real reason I'm reluctant to invest life savings in Bitcoin, or recommend others to do so, is because of the exponential threats to bitcoin. Systems failure, Government regulation, or something new and better coming along superseding bitcoin, just to name the obvious ones. If it wasn't for this, I would invest my life savings in a heart beat. But for those that take the chance, just might hit the jack pot. And for those sitting on the fence will forever regret their missed opportunity.
What are you going to invest your money in then? The Euro? The Greenback? American Entreprenuership? Whiskey, guns, and ammo?
Every option right now looks awful. PMs and Virtual are the least-worst.