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by Jihoon 4159 days ago
If you believe in BitCoin as a form of currency with legitimate potential, you can turn BitCoin into a long-term investment. As people learn more about how it works, the trading volumes should increase and the volatility should decrease.

A long-term investor should realize gains as the demand for BitCoin gradually goes up and people get less scared. When PayPal first came out, people were afraid of online/digital transactions ("You mean I'm going to give this online company my payment info?"); look where we are now in 2015.

It is worth noting that most people in the world still do not know much about it (or if they do, they are misinformed).

1 comments

Your judgment is based on the assumption that Bitcoin will not fail which is far from clear. On the other hand really profitable investments are usually also risky. I personally would not even bet $1000 on the success of Bitcoin.