So i'm well aware of bitcoin rising to a crazy price per coin, but what's happened in the last month to near double the worth? https://exchangerate.guru/btc/usd/40/
many many many reasons. China, India, Japan, Russia... Then there are less obvious reasons, like self inflating pump. Take this thread. The higher it goes, the more mainstream coverage it gets. The more coverage it gets, the higher it goes, and the circle reapeats itself.
So that's an semi-artificial bubble then. Actually you know what, wannacrypt, that did it, at least partially. But if it's being generated by scarcity (real, there's a limited amount and many are lost) and popularity (artificial) that'd mean at some point it'll pop and crash. oh, haha, it's not just me seeing this https://www.google.co.uk/?gws_rd=ssl#q=bitcoin+bubble https://www.reddit.com/r/Bitcoin/
Of course wannacrypt played the part. No doubt. It hit $2700 today. I'd expect another crash. And it's still just crypto, not full mainstream. It had several crashes in its history, volatility is to be expected. But the demand is real, so the value is real. IMHO the only reason to be afraid of these crashes is if you're a short term trader.
Hmm, not quite insider trading because no one person controls it, the original creator is unknown and never been found. So they are unable to really influence it, though they are estimated to be unbelievably rich by now (~2.5 billion $. 1 million bitcoins. ~800th richest person in the world). Besides, it was designed to be decentralised.
I had over 30 bitcoins in my wallet at one point all self mined, really gutted I didn't hold onto them would have netted me 60k, currently searching through my old hard disks for any left over.
I sold 72 Bitcoin for $12 each about 5 years ago, I probably sold 40-50 at higher prices prior to that. I didn't get back into cryptomining until the start of 2017, but I do think every now and again what those ~115 Bitcoin would be worth right now. :infinity:
You'd have been a millionaire, literally. I didn't pay much attention to this early on, I regret it now, the people who had the luck/foresight to do it might be very rich right now. Even if I'd have bought some bitcoins at $2K this summer I'd have turned a good profit by now, but the ones who bought them for couple of bucks... good for them is all I can say (with a tiny bit of salt ).
Eh, even owning 1 bitcoin from years ago, at today's prices you wouldn't still have it, you would have sold it ages ago
I wish I would have followed my own advice. I can't believe how everything is taking off in the crypto universe. I'm currently looking into Iota, Monero, Bitcoin, Siacoin, OMG. So if anyone else has some interest feel free to join in.
Not interested. If I were going the risky route, I'd still rather play with high risk stocks than bitcoin.
Now worth nearly 10K USD. I found them when they were worth $44. I did not invest. Not to say anything against sdamag99 because I would say exactly the same thing about them now. Surely they can't become worth 100K.
Watching this Bitcoin stuff is depressing. I remember when it first come out, i tried to mine it but found it slow so I decided to invest but had no idea where to buy them, more of a concern if the site I was going to buy from was a legit site. I was going to buy $1,000-$2,000 worth of Bitcoins lol. Sure theres many folks that were in the same situation...
I would like to know the same thing but for ethereum. Is it possible to buy this cryptocurrency just like bitcoins?
You can use an exchange to buy sell trade margin etc coins. Places I use all the time without hassle. I live in Canada so I use quadrigacx.com to get my Canadian money and buy/sell/trade coins ETC. https://poloniex.com is a big exchange I have also used to sell coins and buy coins .
Yes, imagine buying some when it was only worth 8 cents in 2010 or so. 1000 bitcoins at .08 costs $80. That would be 16million today.
