Stocks are the best store of value

No matter what you use as an exchange of value, the capability of production will still have value. Microsoft will break the bank, regardless if they're banking dollars or Bitcoin

A common tale. Estimates of ~8 million bitcoin inaccessible at this point.

In any case, you would never lose in a hard fork...you would just get 1.6 forked coins in addition to your 1.6 bitcoin.

OT: Buying cheap coins of course!

I know the recent Asian news was a cause for the crash, but at the same time seeing this mass panic just reminded me of how little people truly know about Bitcoin. For them, it's simply some random currency that can get you money.

If people are viewing cryptocurrency as investing money to make money, then I'd be a bit concerned about its future. Hopefully people become more educated and study cryptocurrencies before making a boneheaded move. At this point it feels more like gambling than an actual currency to many people

Unless every single person on the planet agrees that the currency has a value then it is worthless, it's the same value as monopoly money or something you print out on your own PC and printer unless global banks and retailers agree that it has a value.

As for educating myself? I know that "mining" these things now consumes an equal amount of electricity as a medium size country,  the one group who are making a very clear and real world amount of money are the electric companies of the world as well as sellers of AMD graphics cards / coolers / PSUs, they are producing a massive carbon footprint for effectively doing completely inane computations to "mine" these things which has a finite amount which can ever be made but at an increased cost per coin generated.

I'm aware of the fact that they're is far more out there than just bitcoins but they all have the same caps in their design by default and they also all suffer from the fact that the majority of the planet doesn't deem them to have any actual value.

Too risky for me. Regulation is really hurting it.

I did not bought any. But I am interested in the developments.

There is no point anymore. Crypto currencies have long become just commodities for a handful of people to trade and make money from. They are as much currency now as stock.

Even if crypto currencies will be used as actual currency some day it will not get widespread due to inherent design constraints.

https://en.wikipedia.org/wiki/Bitcoin_scalability_problem

I'm quite certain that all crypto currency will never amount to more than being a plaything for rich people, a money laundering tool and payment for illegal goods. It was a neat idea but humans fucked it up.

I cashed out 1.5 btc yesterday to get my $20K initial investment out. I still have 3.5 btc in. I'll won't sell these. I may reinvest my $20k when btc reaches $8000.

Thanks. I feel like this dip doesn't mean it's over at all for btc. It is just slow at certain problems being solved. I think these problems will be a thing of the past by the end of the year. and we'll still end up seeing a $50 - $75K btc.

It's another bubble that will burst soon, arf.
I've prepared popcorn and old 3D glasses when people will go jumping off rooftops, arf.