Originally Posted by Artashes
One group of people are talking about Bitcoin being the most epic bubble in history, another are confident this cryptocurrency has the capacity to go as high as $160,000-180,000 before correcting itself and stabilizing around $40,000.
It means that Bitcoin at today's price of $16,000 (and just few days after being $9,500 when my friend told me to get some) still has more than double the distance to go, according to "conservative" estimates by hyped investors.
At the same time, there are a ton of solid arguments against Bitcoin and in favour of it being a huge bubble.
What's your take on the situation? Do you own Bitcoin? When and at what price did you get in? Do you think it'll keep going up and to what degree? Or are you on the side of those thinking a crash is imminent?
So this is an interesting thread - I would agree it is a bit like the stock market to some degree.
But from my limited knowledge on this topic, from a TECH guy wanting to know more, and having friends that have already built infrastructure from the ground up whom are actively mining - whom are doing about 250.00 in revenue per day, I wanted to know if there was a way that I can "learn about" all this technology. So this comment perhaps is a bit off from if you should buy BitCoin but more towards getting your feet wet into the technology without having to dump 10 to 15 grand on infrastructure.
So there is what is known as cloud mining, and yes there are naysayers on that too. And you can find cloud mining that want a big investment up front from some of the known players of 800.00 or more.
But I found a way just to learn about what this craze is all about, so first I purchased bitcoin, litecoin, and ether from CoinBase / just 12 bucks of Bitcoin
Then I started a Bitcoin mining account using www.hashflare.io
, by the way, this is not a plug for them as I have nothing to do with them other than a client, but I guess it could be a bit of a plug, but this is my story.
Transferred my 12 bucks of Bitcoin over which by the way moving funds over cost me about 15.00 bucks / and with mining my 12.00 / in about a year at this point would be worth about 50.00 but it does allow you to adjust your investment between three of top Pools, BW, Slush, and BTChina ... Anyway still learning but that is my take on how I am investing.
PS. There are other way's of funding hashflare, cheaper than the way I did it. (Oh and the 12 bucks was just for testing, but shows you can get into the tech of all this on the cheap)