Best high risk investment

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Beanie Babies in the nineties had higher fundamental value than bitcoin does now, and I say that as a former BTC bull.

Meet CryptoKitties, the $100,000 digital beanie babies epitomizing the cryptocurrency mania

• Players have spent the equivalent of $6.7 million and counting buying CryptoKitties, which can sell for as much as $114,481.59, according to third-party research from developer Niel de la Rouviere.
• The ethereum-based kitten trading and breeding game clogged the digital currency's network this week, delaying at least one token sale and forcing CryptoKitties to raise its fees.
• "From a high level, abstract point of view, this stuff is almost digital artwork, if you will. It doesn't have any inherent value other than what you think it's worth," said Joey Krug, co-chief investment officer at Pantera Capital, one of the earliest investors in bitcoin.

 

[urge]

Bitcoin is 'digital gold' for millennials and could reach the '$100,000 range,' says strategist Tom Lee

• Bitcoin is essentially "digital gold" for millennials, and the cryptocurrency could easily achieve the $100,000 range, strategist Tom Lee says.
• "We think over the next 10 years, this new generation of millennials are going to view trust as a replacement for gold. So, bitcoin is essentially digital gold for another generation.
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• "Bitcoin is 'digital gold' for millennials and could reach $100,000, says strategist Tom Lee

Just google how much money has been lost on hacked cryptocurrency markets and then decide is that is something you want to toss money into.

Far from secure I would say.

When do you ever hear gold depositories being broken into?

I think Bitcoin is a long con. When enough money has been poured into it, the program will self delete, or something similar, leaving everyone broke. For starters, nobody knows who created the technology and that person is not asking for royalties.

 

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Just google how much money has been lost on hacked cryptocurrency markets and then decide is that is something you want to toss money into.

Far from secure I would say.

When do you ever hear gold depositories being broken into?

I think Bitcoin is a long con. When enough money has been poured into it, the program will self delete, or something similar, leaving everyone broke. For starters, nobody knows who created the technology and that person is not asking for royalties.

Bitcoin is the greatest scam/bubble in the history of mankind. But, knowing that fact is true doesn't make this gamble any less profitable for the short term.

 

[deleted87051]

Bitcoin is the greatest scam/bubble in the history of mankind. But, knowing that fact is true doesn't make this gamble any less profitable for the short term.

Yep. It’s more reminiscent of a Ponzi scheme. You can get rich if you risk enough and you’re not left holding the bag.

 

[Chip N Sawbones]

I wouldn't say Bitcoin is entirely a scam. I originally bought some around $350 because I was impressed by the technology behind it and I could see it had some very important uses for sending money around the world without a bank and for making anonymous transactions, especially for the rapidly growing online markets in illegal drugs. At this point, though, I'd say Bitcoin is nothing more than a bubble. There are better cryptocurrencies out there with faster transactions, less power consumption and greater anonymity, and the only reason Bitcoin is so valuable is that people think it will keep getting more valuable. I sold almost all of it around $4400 on the news of the Chinese exchanges getting shut down. I guess I was early, but I think I'll be proven right in the end.

 

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Bitcoin blasts past $14,000, less than 24 hours after crossing $12,000

• Bitcoin crossed the $14,000 mark on at least one exchange after rising above $12,000 less than 24 hours earlier.
• The digital currency's latest swing higher comes after a 20 percent plunge last week.
• The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges.

 

[pgg]

So I actually decided on the crytocurrency route. With a mix of bitcoin and some alt coins made a pretty nice profit already . Kinda feel the market is about the same as "just putting it on black"

Well, not really, with roulette you know the odds up front. 🙂

 

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Bitcoin soars past $15,000, just hours after crossing $14,000

• Bitcoin rocketed higher Thursday, crossing the $15,000 mark just 10 hours after topping $14,000.
• The digital currency's latest swing higher comes after a 20 percent plunge last week
• The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges