Bitcoin: new age investment that trums gold
By Zahid Desoza
Bitcoin now is worth more than 3 times the amount of a troy ounce of gold, it's 4,300 plus dollars at this time of writing and I HOPE IT DOES NOT COME TUMBLING down, remember if you plan on buying, investing, or hodling on to bitcoins and other crypto currencies DO IT WITH MONEY THAT YOU CAN AFFORD TO LOSE, like what I am doing, time and time again I have told people this up now but could be gone, doubled, tripled etc... tomorrow or later, it's very volatile.
Technically speaking, Bitcoin is already obsolete, and will become unsecure in a few months when the electricity to mine it will be more expensive than the profit expected by miners (it should happen next year, even if it stays at this price). Speaking of this, I would not consider to invest anything else than a bit of electricity to mine 1 or 2 cryptocurrencies in a pool and get some free coins. However only a few can be mined with a CPU without investing first a lot of money in GPUs/ASICs.
@louievill What secures the transactions on Bitcoins or any other virtual currency is the mining. With no or a low number of miners, a crypto-currency can be easily attacked and the content of your wallet robbed. You will tell me that Bitcoin is not anonymous and can be tracked, but if it is exchanged quickly to an untraceable other crypto-currency, it will be lost forever.
@louievill I hope this predictions will come true but I only have 2,000 bits from faucet I bought more AMPs
Bitcoin price prediction for 2017, 2018 and 2019. BTC to USD price prediction and forecast by month with open, high, low and close predicted rates. Bitcoin trend outlook.