[dreish]

You are vastly overestimating how happy millions of dollars will make you. Google around a little and you might actually put a negative number on it.

If you get the numbers right, you will arrive at the same advice any financial advisor would give you: in something as novel and hard to price as bitcoin, only invest risk capital, defined as money you could lose in its entirety and still have a sound financial plan.

[laichzeit0]

I'd wholeheartedly agree with you. As someone that speculatively bought (or should I rather say, bartered) for Bitcoin on IRC before the big crash in 2009, it's the absolute wild-wild west. The saddest thing is seeing newcomers invest some money, they see the price go up, they dump in _everything_ and then there's some mini-crash and they panic sell everything.

Fear and greed are emotions that Bitcoin will teach you about. Don't risk what you can't afford and are not willing to lose.

Maybe I should suffix this and say that I don't think Bitcoin is a bad investment. It has an enormous potential and I still fervently have "faith" that it's going to turn out being something extremely useful long-term, which is why I haven't "cashed out" yet. I'd also gladly trade my BTC for goods as and when stores come online that accept them (e.g. I would gladly trade BTC for second hand books)