Should I put my savings in Bit Coin?

A friend of mine asked what I thought about this post on BitCoin? http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ While the Author of the post has a lot of good common sense arguments for why Bit Coin is a good investme…

A friend of mine asked what I thought about this post on BitCoin?  

http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/  While the Author of the post has a lot of good common sense arguments for why Bit Coin is a good investment, I decided to create a simple flowchart to help my friend figure out whether he should do something similar.

I’m rooting for Bit Coin, becuase I love it’s disruptive potential.  But as far as I can tell, there is no penalty for adopting Bit Coin late.  Being an early adopter might provide for a financial windfall, but the primary benefits of Bit Coin are not as an investment scheme.  If they were, then it would just be another Pyramid scheme.  And, well, I’d never advise anyone to buy into a pyramid scheme at any level.

UPDATE:  Modified flow chart to include POKER TOURNAMENT as an option in Both Paths.

 

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