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Just trade it, it is volatile enough. But don't hold it for months or years. Basicly any run up can be shorted, and big drops be bought until some big revealing truth hits the market, like another huge scandal or Satoshi coming forward...
For those that dont think its a viable currency im here to tell you that i use it. example Launched my sailboat for the season last week and needed a new tv because my son dropped the old one on the way unloading from van...not the end of the world..it was on the way out and needed to be replaced anyway. What to do. it was not an expense i was planning on. so a trip to walmart was underway. i found a 19 inch element tv for $100...i didnt have any cash left after paying fees to launch boat and tipping guys at harbor...so viola pulled out my phone went to my coinbase account where i have my bitcoins...logged into my bitpay visa account moved the required amount from coinbase bitcoin to bitpay visa ...went to checkout same as cash and was able to crack open a beer and finish the cubs game while the seagulls squawked overhead while rocking gently in harbor. its for real folks just my 2 cents
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,207
Not sure "use" is the same as "viabile", interesting story though.
For now it's way to volatile to be viable in my opinion.
When you transfer like that what exchange rate do you get?
IMO, it's a viable asset class at this point and been for some time now.
It has survived the rip to drop of Mt. Gox and will continued to be a way for monetary investment and $$ movement.
I'm very glad that I've scaled in/out several times and have a core holding of BTC and will continued to do so. I've done well with BTC and only wish I would have seen the writing on the wall a few years earlier.
It's moved beyond speculation and the coins I loaded up on 2 years ago when the price tanked are resting nicely in my account.
The above is my outlook and opinion, to each their own and all that.
You miss 100% of the shots you don't take. - Wayne Gretsky
