Bitcoin is the perfect tool to transfer money and store your money, especially for cross border trade. I think Chinese money now has an easy to get out of the country and buy houses in BA. Who’ll be the first seller to price his house in bitcoins? Maybe De Leon can sell a house in Bitcoin, and get his name known in the whole world instantly
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Bitcoin is high risk and we may lose entire amount/holding as we may not be able to sell after a crash, liquidity is real issue even if it is $1.
History shows/seen stocks coming down from $120 to 0.50 and worthless later.
Bitcoin is riskier than those, worst case, it may go 99.99% level, but that is only after a crash. Not only bitcoin, but entire crypto currency spectrum will be in Wikipedia/investopedia history later.
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Wow, that’s much worser of a prediction than mine. I would suppose the technology behind bitcoin should come to fruition somehow.
Well said. Mr. Yang. Invest in the technology of the original vision behind crypto, not the hype of it has a value for storage.
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“Apple co-founder Steve Wozniak who sees bitcoin as a cryptocurrency that is “more genuine and real” than the U.S. dollar and superior to gold as a store of value.”
This is a pretty positive comment. Bitcoin is more real than USD
Um… the point of my posting the article is to focus on Yang’s comment and not Steve’s…
Wozniak
Has become a joke
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I personally am a believer in where digital currency can play a role in our society. Especially in, not only the front end of doing transactions but also in the backend of creating a much more efficient system and a much more verifiable system.
Exactly. So, IMHO, is unlikely to crash like what you guys say. Just stabilize. At what price, I don’t know. You say is 90% down? I doubt it. The blockchain technology is good and the original goal is good. The market is just finding a correct price for it.
Absolutely 90% crash in my mind. No doubt about it. Wait and see.
Hackers just stole 70 million in bitcoin. Is some of it yours?
All of them are mine!!! 
Money without central oversight is just crap. You wouldn’t have that happen to your credit card for example. Banks have anti fraud software monitoring all activities and in case of fraud they will make you whole. Why would someone want to store value in bitcoins? That’s the modern day equivalent of putting cash under your mattress.
Cryptos like bitcoin are too decentralized. Need to swing somewhat back to the middle for it to have wide appeal.
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It’s easy to solve. You can just store your coins offline.
I ran across a few illegal gambling websites that accept bitcoin. Also ransomware only accepts bitcoin. I have yet to see a legitimate use for it.
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There was a guy in Australia I think who stored lots of bitcoins on some cheap usb sticks. The sticks went bad and he lost 100s of thousands.
Think about how laughably primitive this is.
To be fair, that’s no different from storing millions of dollar bills in your house and lost them to a fire…
Cliff notes: The massive volatility makes it impossible to use bitcoin as an actual currency.
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Hmm wonder who store millions of dollar bills in his house… 
Sidebar: I bet you one bitcoin rocket man has army full of hackers trying to break into all online coin safes. Your online exchanges better have sovereign state level of security.
Money in a financial institution pays interest. bitcoins don’t
Maybe these super low interest rates are creating insanely stupid yield chasing
No need him to tell us that, mention that long ago somewhere in this thread already.