Originally Posted by
Yngvi
Some points about Bitcoin if you haven't learned crypto yet:
1. Bitcoin technology is miles behind some of the newer cryptos.
2. Keeping your crypto on an exchange leaves it vulnerable to bank robbery or government seizure (exchanges are like a bank).
3. The purpose of crypto is not speculation, if you are using it responsibly. Same way the purpose of oil or real estate is not speculation.
4. Crypto should not be viewed as a stand alone system or free from risk. It is early; There will be more technological advancements that may make your current crypto choice, like BTC, obsolete in the future. There will likely be unexpected security issues, network outages, government-sponsored attacks and hacks. Plan accordingly and develop a hedging strategy.