A handful of years ago, I bought a few hundred euros worth of bitcoins, as an alternative commodities position. Now they're worth more than fifteen grand.
Obviously I am pleased by this turnout, but at the same time, I am worried. I've never bothered keeping up to date with the drama-filled world of cryptocurrencies; these coins are a long-term investment for me. No point paying attention to them until it's time to consider turning them liquid again. But now that too much free time has prompted me to do some reading, I've become aware that not all is well in the lands of Bitcoin. I read of transactions that never get processed because they get pushed out of the queue by the growing onslaught of others. I read about the network getting slower and slower. I read about companies changing owners, and about a deep, hostile split in the community over how to salvage the situation.
Being a responsible investor, this sets off all sorts of alarm bells in my head. My first instinct is to get out, out, out. But a.) I'm not even sure if I can easily get out at this point, and b.) I know I shouldn't treat cryptocurrencies by the same rules as, say, ETFs.
So right now, I'm asking you, the community, for your opinion. Mind you, I'm not interested in being recruited for any given side in any given argument, and I'm not terribly interested in whose side you're on either. I simply want to know:
Do you consider holding Bitcoins as a long-term financial investment a good idea in the current environment? How do you see the future develop? And how are my chances of pulling out my entire position if I tried right now? An investment is useless if I cannot properly access it, after all.