Post
Topic
Board Bitcoin Discussion
Re: Who's brave/stupid enough to invest their life savings into Bitcoin?
by
jjc326
on 29/07/2014, 14:42:29 UTC
Fine fair to say Bitcoin is a currency just like dollars, etc. However to say that Bitcoin is as "safe", at this time, as dollars is just totally not true.  There would have to be some sort of worldwide strife to destroy the dollar's value.  On the other hand with a relatively small amount of fiat money someone could 51% attack BTC and destroy it.  I think I know where I'd rather keep MOST of my money.

IMHO it is irresponsible to put all your wealth in BTC if you have anyone else relying on you such as a family.