I have posted an article on this subject which you can find here; https://hubpages.com/money/Bitcoin-New-All-Time-High I know this is a little late, but I still wanted to post on here about this and see what y'all think about it. Do any of you guys do the whole cryptocurrency thing like I do?
I looked into mining once and found it was a pipe dream, even with a good system dedicated to mining. As an investment, it's an expenditure that I wouldn't be able to justify right now, especially not after it's already inflated in value over time. So yeah just no interest here. "That ship has sailed" lol
I'm not taking about mining. From the research I've done; that is a bad idea. I only invest, largely being influenced by the promising inflation you mention. I also just think that it's cool. The mining stuff gets posted everywhere there's something about Bitcoin. I am not sure that I like that.
Mr Wrecky invests in Bitcoin and we also have probably 6 or 7 devices mining at any given time. He says it's totally worth it.
Well what is the value of the currency based on? With the US dollar it's their gold and oil reserves and overall GDP isn't it? How can a cryptocurrency match up for any real amount of time? We're talking about challenging the currency of an Empire here. I think it'll pop or get popped eventually, and that's just my two cents.
