....People thinking of buying Bitcoin may well check out askaboutmoney to see what people are saying. If we ban it, they will find only the sites of the Bitcon faithful and might not get the counter-view. ....
If you must have a sub-forum on Bitcoin I think there should be a massive warning before each thread that Bitcoin is not an investment and you are very likely to lose 100% of your money.
We don't talk individual stocks, don't talk house prices, so on that basis the fact we talk about bitcoin is a surprise.
So, are we going to stop speculating that bitcoin is in a bubble?We don't speculate on the future movements of house prices, we frequently discuss property as an investment.
Do you really want to explain to people the mechanics of extreme gambling?
There seems to be rules in place that prohibit people discussing individual shares or house prices but Bitcoin is a free for all.
As a former advantage/professional gambler I would urge serious caution in shorting Bitcoin , I don’t believe in Bitcoin but I’m staying well away, this is not advantage gambling it’s erratic and the chances of going bust are extemely high. I don’t think this forum is going in the right direction as a well established money advice forum , shorting Bitcoin guides are irresponsible at best.
My belief is that BTC will not be the same price in 6 or 12 months time so I agree that if you want to bet on its trajectory, there is a lot of money to be won (and lost!).
I just don't think it's appropriate to explain the mechanics of these things as there is a risk that some people will take on these bets without sufficient knowledge or experience and get burned badly.
BTC is really, really high risk - all bubbles (if that's what it is) are similar but different. It is so full of risks - those we know, we know; those we know, we don't know and of course, those we don't know, we don't know.
Obviously, it's your decision but I am just urging caution here.
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