What Do You Guys Know About Bitcoin?

The value of it has apparently been skyrocketing this year, so I'm thinking of investing. Is this a good investment? Are there risks? Legal issues? Anyone dealt with it?

I have suspicions that Bitcoin is an evil satanic plot.

On the other hand, I though the same thing about debit cards, and now I never use cash... I am Plastic Man!

It'll make it easier to pay the Booger Heads to release your files from the Ransom-ware.



If I'm not mistaken Bitcoin took a hit last summer.

https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp

Theres a finite amount, right? Its getting harder and harder to mine and its expensive as f*** right now

One bitcoin today is worth 40$ more then it was yesterday.

Do you have a coinbase account?

Have you looked into ETH and LTC?

All this digital currency s*** is kinda cool.

one bitcoin = $2500 ...
1.6%...

Yes. Lots, right? Except i meant down 40. Down 61$ right now.

Thanks for your input guys. It doesn't look like many are terribly knowledgeable about this, so I'll just share why I'd like to learn more about it in consideration of possibly investing:

2 years ago, 1 bitcoin was worth $211 USD
1 year ago, 1 bitcoin was worth $774 USD
1 month ago, 1 bitcoin was worth $1287 USD
1 week ago, 1 bitcoin was worth $2008 USD
1 day ago, 1 bitcoin was worth $2400 USD

This kind of growth is insane.

Fidget spinners. That's where the money's at these days.

I'm stocking up on Beanie Babies, waiting for the craze redux.

Well I bought a couple to see how it goes. So far I'll profit on the gains, but illl be keeping a close eye on it over the summer.

Which did you buy? Fidget spinners or beanie babies?

Lol bitcoins.

I knew that. I was trying to be silly.

Good Luck!
(no sarcasm)