Nono, I never said anything about trading, I'm talking about buying and HODLing.
For SURE BTC will be huge in the future, will there be other crypros? sure but BTC will be at the top and worth WAYYY more then it is today.
I'll bet on it and have bet on it by HODLing BTC for the long term!
BTC isn't a sure thing yet, it could still flop. It's a baby, most countries haven't made decisions on how to treat it. He didn't say he's never touching bitcoin again, he said he cashed out what he was holding to historically reliable storage for wealth. When we are seing 50$ per btc swings most days, I can't blame him. That's why I'm only holding around 1BTC currently, it's all I'm comfortable gambling. As more companies start accepting it and more countries start making statements or laws in it's favor the more I'll start to hold. If another company along the lines of Overstock or TigerDirect come forward soon and start accepting it, I'll probably bump up to 1.5BTC held at any moment. If Amazon or Google were to start allowing it's use for their goods and services I'd probably start holding 3-5BTC as quickly as I could.
Right now it's too volatile to count on as a vehicle for storing one's wealth.