Re:Heyzap (YC W09) adds option to pay game developers with B...
by kurtko on Sunday April 07, 2013 @05:52PM
(#5508924)
If you are sure it will keep going up at this pace, why not take everything you own, sell it, and invest in (or: speculate on) Bitcoin? That's not a rhetorical question.
Personally, given its volatility, it doesn't make much sense to me to hold much in Bitcoin outside of what you plan to spend relatively immediately. It could go up or down by 50% overnight - not a great store of value, either way.
Re:Heyzap (YC W09) adds option to pay game developers with B...
by gojomo on Sunday April 07, 2013 @10:01PM
(#5509618)
Some don't mind volatility as long as (a) the long-term expected gain is positive; and (b) the return is uncorrelated with more traditional investments.
Personally, given its volatility, it doesn't make much sense to me to hold much in Bitcoin outside of what you plan to spend relatively immediately. It could go up or down by 50% overnight - not a great store of value, either way.