Bitcoins / Investing

You should really stop attacking everyone. We are not out to "get you". All I was trying to say is that you really have no clue what the future holds for us.

If I had to choose between a cryptocurrency or the current system then I'd choose a cryptocurrency. I wouldn't mind keeping the currencies we have right now if they were backed with something other than air.

 

Gold and silver have never increased in value they just have always kept a value. The american dollar has just decreased in value. Therefore making gold and silver probably one of the best things to invest in.

 

That’s a smart move! It’s definitely worth investing. Bitcoin has a very promising future and if you invest now, you could be a millionaire in the future.

 

If you think the only possibility is that they will go up, then you shouldn't be investing in anything at all. You need to get an understanding of risk and how to hedge if you want to invest. If you aren't willing to do this, then you're just betting your money on a complete crapshoot.

There is no reason to believe that Bitcoin will be successful. It is currently so popular mainly because it is the first cryptocurrency, and this has allowed it a benefit towards adaption. It is absurd to believe that there isn't a better cryptocurrency that could shatter Bitcoin. But it is also absurd to believe that such a currency WILL take over. It's all just a gamble. But there IS reason to believe that the underlying technologies behind cryptocurrencies in general will be successful. For example, even the benefits of pooling resources from so many personal computers by providing an incentive is a powerful technological development that will likely revolutionize how scientific research is done.

Nobody should invest solely in Bitcoin if they're rational. There are so many new technologies emerging from cryptocurrencies, and you would be wise to invest in a variety of them (not just the coins, but the new technologies in general. One example, although not everyone believes it is a good thing, is Ripple.)

 

Aslong as $500-$1000 isn't going to hurt you too much financially if you get nothing back its a very good risk worth taking.