Hello.
im starting out in the bitcoin world and i want to ask you somethings:
1. do you use it mainly to make money?
2. how do you make money out of it? mining or buy&sell the coins?
3. how often are the big jumps in value? like 50$ differences.
4. is there any official value? or do i need to go by what sits like bitstamp says? (131$)
5. how much money do you usually make from buying and selling? im planing on starting with a small amount. like 3 bitcoins.
5. how risky is it? its not like the value drops allot for a long time so there isnt really a risk, especially if im going to mess with 3 coins... (?)
thanks.
5. (the second one) The risk is immeasurable. Value may plummet down like an asteroid powered by a rocket to slam the thing headfirst right down into a major city centre (oh wait, that's my world conquest plans, not the BTC plan). But yeah, it may plummet like that. Any day. Any time. And you'll never get out in time. Both. The city and BTC.