04 Apr '13, 9pm

I Don’t Quite Understand the “Bitcoin = Safe Haven” Argument #news #domaining #domain

As a domainer, I’m reasonably good at spotting investment opportunities. And yes, Bitcoin is/was a great investment opportunity. Even someone like me who never used Bitcoins (I never touched Bitcoins because let’s face it, the day only has 24 hours and) can easily tell that as an investment opportunity, it performed marvelously. Those who bought low obviously did very well, I wouldn’t be surprised to see new highs and so on. But why people use this price development as an argument in favor of the fact that Bitcoin is a safe haven is beyond me to be honest. First of all, look at all this extreme volatility. Down 20% today, up 25% tomorrow, you name it. It brings me right back to the “investment opportunity vs. safe haven” observation. Volatility can be a good thing for traders and I’m sure savvy Bitcoin traders are using it to their advantage. But extreme volatility and saf...

Full article: http://domainingtips.com/i-dont-quite-understand-the-bitc...

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