Post
Topic
Board Bitcoin Discussion
Re: Settle down
by
Gandlaf
on 12/06/2011, 01:22:52 UTC

But while we're on the subject, Bitcoin is a terrible market for short-term trading. Low-volume markets are nasty, and you're likely to lose your shirt. Slow down, remember that you're in the market before even the institutional investors, and rest assured that if the concept is sound you're going make a killing in the long run (which probably won't even be that long).


I´m sorry, but that statement is just plain wrong and missleading! Yes I do believe that the technology behind Bitcoin is sound. This however does not necessarily mean, that the current implementation will succeed.
Firefox was based on Netscape technology and is quite successful. How did that investment in Netscape work out for you?

Not trying to say that Bitcoin in it´s current form can´t succeed, but the statement you are making is not supported by past experience.