Has anyone taken the steps to invest in Bitcoin?
05-21-2017, 04:12 PM
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Has anyone taken the steps to invest in Bitcoin?
The value of them seems to keep going up. 1 bitcoin is now worth almost $2100.
05-26-2017, 12:22 AM
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It is really how you look at it…
You really can’t buy anything for bitcoins (except on black market)… it is only if someone want to sell you something for bitcoins but is not an legal value.
You are buying virtual money with real money and someone is able to spend your real money while you are stuck with virtual money and value.
Every value/money should have its backup in gold and bitcoins doesn’t have backup in anything.
Try to sell your bitcoins for anything more than 1000USD and you will see that it is hard, not to say impossible, to get real money out. If you have one million USD in bitcoins you can’t spent it and you can’t get really money out…
What is nice is that bitcoins value is rising very quick especially in this last time but that is because its value is artificially pumped and lots of people are now buying bitcoins pumping its value even more because they are hoping to earn lots of money in in short time.
History show us that only few make fortune on things like this (basically the ones who create the idea) and all others are just pumping real money in something virtual.
On the other hand if you have 100-200USD that you don’t need you can buy bitcoins and wait… ether you will be milliner in few years of you will pay someone cocktail on Hawaii while he is smiling how stupid you was to give him your money for nothing… there is no third option
If you bought bitcoins in 2010 year for 100USD, today “value” of that bitcoins is 73.000.000USD
You really can’t buy anything for bitcoins (except on black market)… it is only if someone want to sell you something for bitcoins but is not an legal value.
You are buying virtual money with real money and someone is able to spend your real money while you are stuck with virtual money and value.
Every value/money should have its backup in gold and bitcoins doesn’t have backup in anything.
Try to sell your bitcoins for anything more than 1000USD and you will see that it is hard, not to say impossible, to get real money out. If you have one million USD in bitcoins you can’t spent it and you can’t get really money out…
What is nice is that bitcoins value is rising very quick especially in this last time but that is because its value is artificially pumped and lots of people are now buying bitcoins pumping its value even more because they are hoping to earn lots of money in in short time.
History show us that only few make fortune on things like this (basically the ones who create the idea) and all others are just pumping real money in something virtual.
On the other hand if you have 100-200USD that you don’t need you can buy bitcoins and wait… ether you will be milliner in few years of you will pay someone cocktail on Hawaii while he is smiling how stupid you was to give him your money for nothing… there is no third option
If you bought bitcoins in 2010 year for 100USD, today “value” of that bitcoins is 73.000.000USD
