Quote:
Originally Posted by DemolitionRed
You didn't need to know about it ten years ago. You needed to know about it at the beginning of this year. If you bought £1,000 worth of bitcoin in January, it would now be worth £8,500  |
Yeah but if you bought £1000 of bit coin in 2010 it would be worth £260 million. They were 5p each
.
Even a year to 18 months in, you could get a bitcoin for a dollar. So £1000 worth would now be approx £13,000,000.
Insane. But it's all effectively gambling. That said, I can see it peaking at over the 100k dollars mark so it's still worth punting a few £ on if you have it spare. Basically it'll either increase another 10+ fold OR it will bust completely (predictions are that when it busts, it'll settle at around $1000). So consider it an all or nothing bet and hold onto it for a bit
.
Its not that easy to buy these days though, you have to sign up for a proper currency / stock exchange website and provide scans of passports, etc.
Obviously you can buy it anonymously on the darkweb but it costs like double.