Bitcoin currency of the future?

down under we have ATMs that are enabled for bitcoin use - slow progress down this path is happening
 
LOL at all these misconceptions. Ignorance is not helpful, especially for investing. Plus remember, you can never make money from a comfortable, safe investment. I just wish I bought bitcoin a few years back.

The US counts it as a commodity. You can buy a coffee with bitcoin at a coffee shot, and they now have bitcoin ATMs.

Here are the facts..

https://en.bitcoin.it/wiki/Myths
 
RedRocket44 said:
you can buy them directly at the price they are currently at ($400) and sell them when/if they rise (just like a stock) or you can "mine" them.

You can use a regular PC to mine them but you are literally mining tenths/hundredths of a thousand per hour/day. You can buy specialized hardware that mines them faster, but you'll be investing $100s or $1000s. All "mining" bitcoins is doing, is adding transaction records to their public ledger from past transactions, thereby supposedly securing the bitcoin network if it were to be hacked. This requires the computer completing a shitload of calculations constantly, and the specialized mining PCs / hardware are much faster at these calulations than a normal PC, thereby earning them faster. That's the jist of it as I understand anyway.

https://www.weusecoins.com/en/mining-guide/

There's also casino type website where you can gamble them.
Click to expand...

GPU bitcoin mining is pointless now and has been for awhile. Even using ASIC machines, you're going to make about a $1 per day per machine.
 
I really wish I bought some yrs ago cause it seem to be a Legit form of money after the last few yrs.


Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa John's pizzas.

More important than the episode being widely recognized as the first transaction using the cryptocurrency is what it tells us about the bitcoin rally that saw it break through the $2,100 mark on Monday.

Bitcoin (Exchange: BTC=-USS) was trading as high as $2,185.89 in the early hours of Monday morning, hitting a fresh record high, after first powering through the $2,000 barrier over the weekend, according to CoinDesk data.
Click to expand...

https://www.yahoo.com/finance/news/bought-100-bitcoin-7-years-081422112.html

So is Botcoin here to stay foreve.
 
If you bought $100 of bitcoin when it first came out in 2010 and held onto it, you would have 75 million dollars today.

I have a friend who was right on the verge of investing, I remember him telling me about it right when it came out before I heard about it anywhere else, but he decided against it. He's on suicide watch today
 
Peteyandjia said:
If you bought $100 of bitcoin when it first came out in 2010 and held onto it, you would have 75 million dollars today.

I have a friend who was right on the verge of investing, I remember him telling me about it right when it came out before I heard about it anywhere else, but he decided against it. He's on suicide watch today
Click to expand...

Yeah, this norwegian guy lucked out doing just that: https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
 
I have never been able to figure out exactly what bitcoin is or how it works.
 
Everything dies, but the Bitcoin is gonna be here for a while as long as it remains safe
 
It depends on if a member of congress gets hit by the WannaCry virus. They don't understand what they're seeing and they'll automatically link bitcoins means bad things and over react while introducing legislature.
 
Aslong as the dark web is around and people want there drugs and illegal stuff, bitcoin is going no where.
 
I remember when bitcoin mining was a thing; I thought it was silly. A bunch of people I went to school with must be pretty rich at this point.
 
Isn't it's value tied directly to its use to make purchases on black market on the internet (dark web)
 
KONG-D'SNT-TAP said:
Etherium


Check it out
Click to expand...
Cheese said:
is this it?

http://coinmarketcap.com/currencies/ethereum/
Click to expand...
Yes. Its value isn't so much as a currency but as what's being called "disruptive technology".

Enterprise Ethereum Alliance

https://entethalliance.org/members/

For the noobs, blockchain technology is like the invention of computers. Email. Internet. The latter prompted a 10-year bubble that made a lot of people rich and then reinflated when social media(internet 2.0) came around(facebook, twitter, snapchat). Bitcoin and mainly Ethereum are what's being called internet 3.0 and it's still in its infancy. If you're skeptical, good, but do yourself a favor and educate yourself. Look at the memberlist in that link I posted. Follow the ongoing news regarding its members and their work with blockchain tech. BBVA, BP, Samsung, JPM, Intel, Microsoft, and UBS are a few of the 500+ members.

The total market cap of crypto has grown from $10bil to $80bil in 6 months- and not even 10% of the population knows what the hell it is. Get in before it's Jim Cramer telling you to buy at the peak.
 
mr.bigglesworth said:
Enterprise Ethereum Alliance

https://entethalliance.org/members/

For the noobs, blockchain technology is like the invention of computers. Email. Internet. The latter prompted a 10-year bubble that made a lot of people rich and then reinflated when social media(internet 2.0) came around(facebook, twitter, snapchat). Bitcoin and mainly Ethereum are what's being called internet 3.0 and it's still in its infancy. If you're skeptical, good, but do yourself a favor and educate yourself. Look at the memberlist in that link I posted. Follow the ongoing news regarding its members and their work with blockchain tech. BBVA, BP, Samsung, JPM, Intel, Microsoft, and UBS are a few of the 500+ members.

The total market cap of crypto has grown from $10bil to $80bil in 6 months- and not even 10% of the population knows what the hell it is. Get in before it's Jim Cramer telling you to buy at the peak.
Click to expand...


Me and 2 other buddies as an experiment bought 10k worth of it. About 3500 a piece. We're gonna wait and see what happens.

I think fornthe most part bitcoin is a little expensive to buy now but this Etherium Looks like it might have some promise.

Once they get hooked up with a major bank like Chase or something like thst the price will skyrocket.
 
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