Seems quite trendy at the mo. Young lad at work seems to be spending his pennies on them.
But, just what the fuck? I think I am just too old.
Tulips
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Xactly.
Seems like a big bubbly thing to me. But I is generally confused about young peopleās stuff these days.
Itās main value is as a medium of exchange, not storage of value. This currency has no value outside that which people allot to it, and it has no government or similar backing it.
Itās a classic bubble.
I think the time is past to be making a fortune out of it. Losing a fortune may be the future. But you never know.
Just read the first couple of chapters of āA Random Walk Down Wall Streetā by Burton Malkiel to get a decent grip on speculative manias and why avoiding bitcoin might be a decent idea. Tulips are not a great example as they were initially fixed in supply in tiny quantities, whereas bitcoin can be created. The dotcom bubble might be a better example.
I like proper things I can stuff in the mattress 
Just read somebody stole a load of bitcoins from a bitcoin mining company. I donāt understand the mining bit.
Anyhow, pizza is on its way. I like pizza.
They are finite though.
@edd9000 dabbles with this.
We do at work, too. We mined enough ethereum (and then used that to buy an amount of bitcoin) using a few R9 270s since the Summer to get a big PSU and a pair of RX580 8GB cards so we can mine some more.
If you have some spare cash to āplayā with and fancy getting in to it, one of the more profitable cards to run at home would be something like the GTX 1050Ti. If you already have some hardware capable of mining, if it IS profitable, you may as well mine and get a bit of pocket money for it.
Of course, soon BTC will probably lose all value and all this will be complete, utter nonsense.
The only thing in itās favour is the creation of more Bitcoins becomes more difficult as more are created. Mining coins is expensive and will become increasingly soā¦
Iām toying with a very short term investment with some Christmas bonusā¦ The rate of growth is such that a short term in and out could be quite profitable.
āTheyā are predicting BTC could be worth $40 this time next year. Iām not brave enough to take a punt, weāll just mess around mining with GPUs - if the currency ends up worthless, weāll at least have graphics cards to game with or sell on.
Itās just had a bit of a hiccupā¦
It will have lots of themā¦ and then crash spectacularly. Still over the next few months itās probably going to keep going up.
My view, would only to put money into it that you can afford to loseā¦
If you fancy something a little less volatile, then I can recommend thisā¦
https://www.bailliegifford.com/en/uk/individual-investors/funds/scottish-mortgage-investment-trust
Iāll not lie though, this shocked the fuck out of me.
That would certainly be my limit. Been looking into transaction fees just now though, and it kinda makes it not worth it at the value Iād be prepared to risk (Ā£1k ish).
Yeah, and at mining rates now, youād need a wind farm in your back garden to make mining viable .