Quote from: buttcoin1 on September 23, 2011, 07:08:49 PM

Are you joking? The only thing that carries higher risk than Bitcoins is buying Italian government bonds.

That's not fair. Bitcoin is probably as risky as Greek government bonds, or maybe a Zimbabwean FOREX.

Quote from: annelions on September 24, 2011, 01:48:08 AM

Granted, I haven't been watching prices long, but it SEEMS that Bitcoins aren't any riskier than normal stock. Maybe they'll go back up to $20 each, maybe they'll drop down to $0.01 per BTC, but regular stock carries the same sort of risk.

Be nice if it was more stable, true, but I don't think it's much riskier than any other sort of investment. Just keep your computer safe from being hacked.

Normal stocks don't fluctuate between $20 and one cent (bitcoin does). Everything in this post is wrong.

Quote from: nmat on September 24, 2011, 04:24:29 AM

Aren't stocks less volatile? I mean, last week Bitcoin price dropped 20% in one day.

With the possible exception of penny stocks, which are the stock market equivalent of roulette, Stocks generally tend to be stable. Why? Because they have things like the SEC, which makes sure that companies are reporting their earnings properly, aren't running off with shareholder's money *ahem*mybitcoin*ahem* or things of that nature.

Bitcoin dropped 20% in one day because pictures of Bill Cosby showed up on this forum, while 'normally' the price fluctuates by %30 every day. Magic: The Gathering Online Exchange was hacked and bitcoin crashed to one cent, all they did was call a do-over and reset everything the next day.