Investing worth it?

is bitcoin actually a good investment? should i partake?

Bitcoin is a really good investment considering there can be only 21 million bitcoins and 17.8 million are already in circulation out of which 3-4 million coins are lost forever and the remaining 3.2 million bitcoins will be mined in next 100 years due to it's controlled supply.
https://en.bitcoin.it/wiki/Controlled_supply


So bitcoin's current block reward which is 12.5 bitcoin will be decreased to 6.25 next year in may. Making it more scarce and valuable.

If you aren't into day trading etc, you are safe and should hold bitcoin for longterm as the new age gold.

24-05-2019, 06:15 AM

test2019 Wrote: is bitcoin actually a good investment? should i partake?

yes of course but you need to wait till it gets to the moon

Hi ty you verym uch you are the best test2019 Wrote:
is bitcoin actually a good investment? should i partake?

yes of course but you need to wait till it gets to the mtest2019 Wrote:
is bitcoin actually a good investment? should i partake?

yes of course but you need to wait till it gets to the m

I think it's a bit risky. Just because it's a scarce resource, it doesn't necessarily mean that it will always hold value, or tend to increase in value (unlike something like gold or land). Back in 2009, it might have seemed like a really cool technological innovation that decentralises currency and provides transparency to every transaction, but as it's become more widely used a lot of flaws in the technology have been made apparent. A few of what I'm aware of include:
1. Transactions now are taking longer and longer to parse due to how many calculations are required. You have to wait in a 'queue' for your transaction to be
2. The slow transaction completion times make it a very impractical to use as an actual currency.
3. The huge computational requirement to run Bitcoin, makes it waste a lot of electricity, which is bad for the environment, and makes it less sustainable as more of the world relies on electricity.

It's possible that Bitcoin might be superseded by a more technologically advanced cryptocurrency some time in the future, which manages to fix many of the current flaws of bitcoin. At that point, bitcoin would become obsolete, and I can't see the price continue to rise if the currency becomes obsolete.

I have thought about making a machine that would create and supply me with bitcoins, the answer is "How fast can I make the bitcoins" Like, it's like making a txt just many times :D

i did in bitcoin but it was a wild ride...............................................................

Sure, but remember to only invest what you can afford to lose. If you invest I recommend playing the long game

I have thought about making a machine that would create and supply me with bitcoins, the answer is "How fast can I make the bitcoins" Like, it's like making a txt just many times :D

Yeah defintely because the value of it will be going up soon