Post
Topic
Board Bitcoin Discussion
Re: Did you ever convince or encourage someone to invest in Bitcoin?
by
Iranus
on 01/11/2017, 16:38:03 UTC
No.  Suggesting investments to people is a bad idea, especially when it's something so risky and volatile.  Whether or not they claim to be okay with losing their money in the worst circumstances, most people would care a lot if it went wrong and it would result in a lot of resentment towards you.  The effect of you making a suggestion which turned out poorly is much more serious than the effect of you making a suggestion that turned out well.
The price of Bitcoin is still in the very initial stages and those of us who really understand what Bitcoin offers, know that Bitcoin Price is only 1/10th of what it's worth right now.
This is an extremely naive suggestion and is not based on any reasonable logic.  The price should be based on how BTC is actually doing, not rabid speculation.
6. "You can't really use Bitcoin as a currency."
To rephrase this into a good argument: "You can't use Bitcoin as a currency as much as you should be able to with a price as high as it currently is".  It's not that you can't use BTC, it's that a significant amount of holders don't.