03-29-2017, 09:37 PM
I almost used bitcoin, and it was such a complete hassle to purchase (was taking days...), I gave up on it. Good thing, where I wanted to use them was a scam and I would have lost all my money. (This was pre-IOP days when I was all hot to trot to purchase from a scam site that would only take bitcoin.) As the saying goes "Buy bitcoins, lose bitcoins".)
But here's the thing: Bitcoin value has been crazy high right now. It is surpassing the value of the dollar, and almost as much as an ounce of gold. But a month or so ago bitcoin exceeded an ounce of gold. I am extrapolating that we all would have made a ton of money having the foresight to buy bitcoins six months ago, and we will not fare so well now. (And too bad you can't buy pizza with bitcoins).
But here's the thing: Bitcoin value has been crazy high right now. It is surpassing the value of the dollar, and almost as much as an ounce of gold. But a month or so ago bitcoin exceeded an ounce of gold. I am extrapolating that we all would have made a ton of money having the foresight to buy bitcoins six months ago, and we will not fare so well now. (And too bad you can't buy pizza with bitcoins).