Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE 禄

I Am A Bitcoin Investor

my retarded husband bought a bunch of bitcoin because his friends came home from college last Christmas and told him he would get rich. I married a moron.
I should have listened to my mother.
This page is a permanent link to the reply below and its nested replies. See all post replies 禄
Pseudonym26-30, M
Sigh. As I doubt many people here actually understand what Bitcoin is or how the various blockchain technologies work, please don't criticise them.

I agree, your husband does sound like a moron. Buying ANYTHING during the midst of an inflatory bubble is extremely dangerous. Especially if you don't have a very good understanding of the technology, its limits, and the state of the market as a whole. Buying it because 'his friends said so' is just ridiculous.

Dare I ask how much he money he converted into Bitcoin at the time? 馃槱
vacationgirl36-40, F
@Pseudonym too embarrassed to say.
Pseudonym26-30, M
@vacationgirl Ah. Well, the problem is that Bitcoin specifically has no technological advantage over other cryptocurrencies. The only pros are its market share, ease of trade, exposure through the media (although it's generally portrayed negatively), and a decent community of developers. It also has idealists and criminals backing it. The latter however, are moving away from it due to the increased traceability and transparency of the transactions.

Some 'experts' think the value could steadily rise over time, now that the market has stabilised somewhat. Given that the development team address the scalability problems it is facing (this issue is not specific to bitcoin).

There are many advantages to using cryptocurrencies over fiat. I suggest your husband do his research and [i]really[/i] understand the asset he has bought. Start by reading Satoshi Nakamoto's whitepaper. Then he might be able to make a more informed decision about whether to sell or hold onto them. Unless he already sold them during the crash... in which case, he's already learnt his lesson.
vacationgirl36-40, F
@Pseudonym wow you sound exactly like the jerk that talked my husband into buying it. that idiot knows better than to show up at my house. he tried a couple times. now he knows better.
Pseudonym26-30, M
@vacationgirl That jerk shouldn't have talked anyone into buying it. Please don't compare me to an idiot. First and foremost, you need to understand risk before doing anything with money. That guy may have said those things, but it isn't the same as saying 'buy it and you'll get rich'. That is retarded.

The first thing I say to people when asked if they should buy cryptocurrencies is 'I don't know'. I only tell them what I know about them, if they're willing to listen. Most people aren't willing because a full explanation takes a fair amount of time.
iMysteryM
@Pseudonym 馃憖 Stay away from her house... 馃ぃ