Quote from: AliMan on September 18, 2018, 11:06:15 AM

Quote from: Artofmovement on September 18, 2018, 10:46:08 AM

Quote from: Astrovibes on September 18, 2018, 09:47:11 AM

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

Yeah its called a lot more people need to buy and hold it. Once it achieves some stability and the whales cannot move it much then it can be used for its true purpose as a currency. Until then it is primarily a gambling chip on steroids.

Even its worth it, still its not wise thing to do because there are still risk to take. But if you have old type of car and you really want to get new one then sell it and the money you get from it invest it in Bitcoin but don't put all. Its better if you divide your money, one for your investment and the other half is for other crypto to invest but make sure it has potential like Bitcoin.

It's interesting that many people here advice to divide money and invest the second half to altcoin which is even more unpredictable

Maybe it's better to safe half of a money in order to have at least something to survive if you'll lose everything?