Wow... so you spent money in a thing before you knew what to do with it? It's true what they say. :p

The way it's going it will be worth some money tomorrow, then maybe nothing a week later

https://www.coindesk.com/bitcoin-price-surges-past-3200-hit-new-time-high/

Virtual currency bubble is going to cause the next recession?

buying some bitcoin was a great idea. good job OP. I expect it to roughly 20x-40x in the next 5 to 10 years.

Cryptocurrency thats nearly untraceable... alot of drug sellers & buyers are useing it, which keeps prices going up.... which keeps people with PC's mineing for it.

I dont think its a good investment tool, the prices can swing alot, and its been riseing for long enough I think its in for a drastic drop.

If you could make sure, people couldnt make their own copies of your money, and convince people it was worth something, it would be.

But yeah I see Bitcoin as a speculation bubble thingy... it could easily burst, and all those with huge amounts invested would be left with nothing.

Or it collapses into nothing..... more likely than it being up 40 times its current value.

I mean how many valutas have jumps like that? sh*t isnt natural and its bound to burst when people realise it

Cryptocurrencies (though they are not currencies) are just digital tulip mania (original Tulip Mania was 1636/37), speculative bubbles that burst hard. Yeah, some will get very rich, but a lot of people will loose a lot of money.

It's always been that way with "greater fool theory" approach to investment - once there's no new investors to sustain the bubble it collapses on itself.

You only buy when the price drops, then you sell once it rises, couple of weeks ago it dropped to $1700, then it rose to $2700, If you have the spare cash you can try your luck there, but you also need feedback whether the price will rise or fall, so you need to plan it carefully, good luck
I tried with less than that, my bitcoin wallet has gained some in those 3 weeks or so, I still have to withdraw into USD to claim my gain, but like I said I only invested few ($20)

The brilliance of Bitcoin is the lack of a Federal Reserve staffed by shysters that lend currency to a govt. with debt. Easy to see how all money is meaningless beyond the value society shares. A delusion we all willingly go along with, but when it becomes arbitrary with inflation or deflation that delusion can't persist. Post WW1 Weimar Germany would pay employees at start of day and let them shop, as bread would be 5x more expensive at end of day. People used currency as wall paper.
The public ledger available for all to see and unable to be manipulated creates a free market currency that bankers don't control. No wonder China is trying so hard to kill it.

I would be more than happy to pretend to be your Asian slave girl. Disregard the fact I am a male, Caucasion in my 30's though, it's unimportant.

except of course 80% of hashing power is currently controlled in Chinese hands and hence at risk of manipulation should they choose to do so. The myth that Bitcoin is somehow immune to manipulation is riduculous, it is actually far easier and cheaper for them to manipulate bitcoin than it is a currency at the moment, The current fights over Bitcoin cash split highlight this issue.