Post
Topic
Board Bitcoin Discussion
Re: Settle down
by
xtapol
on 12/06/2011, 01:49:14 UTC
Sorry again, whilst, as is clear from your reply, you do seem to understand the risks and probably have the experience in trading, your statement:
´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).´
does not provide any consideration of the point I made above.
Whilst the risks I mentionend might be self-evident to you, I do believe it may mislead others on this forum who are less experienced than yourself.

You're right, I guess I wasn't clear. When I said "if the concept is sound", I did not mean to imply either that it is, or that such a thing could necessarily be known ahead of time. There are always unknowns, and Bitcoin certainly has its share of known risks. You know if the concept is sound by whether it works in the long run. For now, my educated guess is that Bitcoin is sound, and the rest of my advice is based on that.