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Anyone here invest in Bitcoin? XD I splurged a few weeks ago and made a nice profit so far. But I'm having my doubts about the long-term.

  • Blind
  • 12/08/2017 05:56 PM

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Yellow Magic
Could I BE any more Chandler Bing from Friends (TM)?
3229
author=Sooz
author=Yellow Magic
Who is "the top"? Bitcoin is a decentralised currency.
Presumably those with access to the power and equipment needed to mine.
Hm...I guess... I'm not an expert on the costs of mining so you're probably right - but I'd imagine any costs associated with mining bitcoin (electricity, really powerful computers, probably a network of GPUs) would reduce potential profits.


author=Dyhalto
No, it's very much not a currency. Please don't start this debate here :/
Uh...it's a debate? Bitcoin is a digital currency. Like, it says so on the Wikipedia page.
Update: It crashed over $4500 last night T_____T

Not just Bitcoin, but every major crypto.

Coinbase, the largest app for trading, “halted” the sale of Bitcoin Cash due to employee and insider exploitation. I’m guessing that played a role in the rampant depreciation seemingly overnight - the public no longer trusts the app as an anonymous and neutral entity, etc. Kind of a shame.

I’m wondering if this is the collapse that’s been predicted for quite some time XD Or just more of the same volatility.
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