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·Virus, no, hacking, yes. I recently bought and then sold some bitcoin, just a quick flip to make about 15%. Of course, had I held on to it for another few weeks, I'd be up 80% as of today.
The issue I have with "investing" in BC is that it's not real. It has no intrinsic value, which a currency backed and guaranteed by a real country usually does have, and it's not a physical item that I can stick in a safe deposit box. There are fewer and fewer incidences of exchanges getting hacked and people losing their money, but it can happen, it does happen, and it's a real risk. And as @321Only mentioned above, there's a real and likely chance of the value plummeting.
For me, it's one of those things, you only invest in it if you can easily afford to lose everything.
Also, if I were buying or selling a watch, and the other party insisted on only using BC for payment, I'd take that as a warning flag and would likely not go through with the transaction. It still, to me, has a little of the stink of impropriety, the dark web.
Gold only has value because we think it does. While silver and platinum are industrial metals and therefore have real intrinsic value, gold does not. It only has a tradition of value.
Currencies "backed and guaranteed by a real country" have no intrinsic value other than the fact that you can later use them as toilet paper, hence the interest in alternatives like gold and BTC. Every currency that ever existed either sank, or is currently sinking, to zero.
Any asset can sink. That's why we diversify. People talk as if the only options are to go all-in or stay out completely. That's just not how investing works.
Other than that, totally agree.
