Quote from: jjc326 on July 29, 2014, 02:42:29 PM

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.

This over and over. The thing is, one can argue BTC is not a currency at the moment, yes more and more each day people are accepting it. But I can't go to the grocery store with my bitcoins, and provide food for my family, I need fiat for that. I can't pay the Chucki cheese I go to in BTC, nor schools or anything like that.

Plus, if I have everything in there and sell BTC to get fiat each month in order to pay bills, if a 51% happens and pretty much ruins everything. All of my work goes down the drain....