On: Ask HN: Should I buy Bitcoins or is it too late?

[itamarst]

Tulips. Buy tulips.

(This is not intended as investment advice. Please talk to your financial adviser before doing anything.)

[dabmancer → itamarst]

This is a reference to the medieval Dutch tulip market. http://www.investopedia.com/terms/d/dutch_tulip_bulb_market_... The same sort of things might be happening with bitcoin. Or, it could have real value because it's an easy-to-use currency.

[paulcole → dabmancer]

> it's an easy-to-use currency

Is it though? As a US citizen with access to checking/savings accounts, cash, and credit cards:

1. How do I safely buy, store, and sell Bitcoin without getting ripped off somehow

2. Where/how can I spend my Bitcoin? Only online or are there any real stores that take it too?

This is a serious question and one I've never heard a clear answer to. I used to be very into sports betting but the process of legitimately getting money into an account and back out was always a big turn off.

It feels like the same is true of Bitcoin but I'd love to be proven wrong.

[2_listerine_pls → itamarst]

Bitcoins don't have to be sold, unlike tulips.