Re: Buying Bitcoins in China

HomeForumsGeneral DiscussionBuying Bitcoins in ChinaRe: Buying Bitcoins in China

#29775
Avatar photoRick in China
Participant

It’s exciting. Just don’t be holding out too long and stuck with a bunch of coins worth $10 a pop.

@Charlie

Quote:
I don’t think that statements like “betting your life savings on Bitcoin is a bad idea” is any kind of legitimate criticism of the currency

My criticism of the currency was in the first half of your quote, not the second. The second was just a word of caution. The criticism is the total value of the currency being so low that it _is_ most definitely open to massive manipulation. As a result, while it’s fun to play with, until the value grows significantly to the point where it’s OUTSIDE of that easily manipulated range, it’s dangerous – it can drop just as fast as it can skyrocket, and if you’re betting more than you can afford to lose on it you’ll end up with a big angry pit in your stomach.