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Comment by lukev | Hacker News Reader

I like the idea of bitcoin, but way too many people (like this article) are just being stupid about it. It's baffling and depressing. Your retirement, really?

At worst bitcoin is a speculative balloon. At best it is a novel, useful way to conduct online transactions. In no conceivable future is it a good place for a long-term investment of the majority of your assets!

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Sorry, that was a little joke. I don't think anyone should hold more than a small portion of their total assets in cryptocurrencies.

Interesting that we are now to the point where that wasn't obviously a joke.

That's because it's almost reality... sorta ...Fidelity ended up changing their mind for now, but for a moment it was real.

http://www.businessinsider.com/fidelity-retirement-bitcoin-o...

>>"The Bitcoin Investment Trust was previously approved by Fidelity as an eligible investment for accredited clients in their self-directed IRA accounts and investments began closing last week. We understand that Fidelity has decided to reevaluate this decision."

Really? You took that obvious joke seriously?

Head over to /r/bitcoin sometime... Full of people figuring out how to buy bitcoins with a credit card, etc. Something about it drives people crazy.

If you are under 25 and so easily have enough time to start from scratch if you lost all your money, Bitcoin is perfectly fine for the majority of your assets. If you're 50, then you should think of Bitcoin as a startup investment, as a small purchase so you have enough on hand to use for what you want, or as financial collapse insurance - all of which might only require a few percent of your money. It's all about context.

Honestly, it's about time you guys talking your book start disclosing your total Bitcoin position. Some of the top voices have 100,000+ BTC to their name: cough evoorhees trace mayer. Dunno about vbuterin, but this is just something to think about.

I know bitcoin is a major innovation, but having a bunch of them is an insanely powerful motivator and it becomes virtually impossible not to mix fact with fiction when your entire net worth is riding on it.

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