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View submission: Unrealistic volatility expectations
Yes it's volatile but the reason why I don't agree that it's not a sound investment is because unlike a company, Bitcoin cannot "go bankrupt" or suffer from lack of profits. In the long term, Bitcoin will either maintain or grow its value. History has proven that if you wait long enough (granted, could even be a year) you will regain your invested value and likely with be worth more as it becomes more embedded in the businesses and financial systems of the world.
As for the algorithms, if a flaw is found, I think we would all be in a huge amount of trouble; not just Bitcoin. Banks, credit cards, and Https all depend on similar encryption technology on which Bitcoin is based.
There's nothing here!