Quote from: marney111 on September 18, 2014, 07:22:08 AM

Quote from: zorke on September 18, 2014, 04:22:27 AM

Quote from: cr1776 on September 17, 2014, 07:33:32 PM

Quote from: Hendrick0909 on September 17, 2014, 11:05:48 AM

So is it advisable if I buy btc with my own money?

No one can tell you your risk level. A single bitcoin could be worth a lot in the future or worth nothing. Many people believe it has a ton of potential and will be worth a lot, but there are no guarantees.

If you are not sure, think of it as a lottery ticket - it either is worthless or pays off a lot. But whether or not you should put money into it, that only depends on whether you could afford to lose it if it came to that.

My own take is that I think bitcoin has a lot of potential, a lot of uses, and a great future, but that there are always risks.

:-)

I think this is a good way of looking at it. Buying bitcoin is likely a gamble. it is far from a guarantee that it will rise in value over time and it historically has been very volatile.

So all of you are saying that investing now on BTC is not advisable?

It depends on many factors: Your risk tolerance. Your time frame. Your own thoughts on how crypto currencies work and their potential etc.

If you intend to hold for a week or month, investing now is probably not good since bitcoin has been volatile historically - although volatile with a long term upwards bias. If you think that it has a lot of potential and you are thinking several years down the road and can afford to lose it all (always possible), then that is a different story.

I think that everyone who is responsible here wants people involved who come in with their eyes open and willing and able to look at the situation and decide for themselves which is what many people try to get across here.

The ones saying "SELL SELL SELL" are not often credible, likewise the ones saying "BUY BUY BUY" without any reasons aren't either.