Riviera de la Mancha
Damien_Hargreaves
except the people who got into it like 3 years ago or so bought theirs for 50 cents a piece and can now sell them for nearly $1000 per bit rates like that are like whoa. And when cashed out well s**t
the future, eh who knows
Actually, the current exchange rate for bitcoin is about 300 bucks per bitcoin.
While that's a great rate if you have bitcoin, the problem is that, if you look at its trends, its on the down-slope.
At the end of the day, bitcoin is just too unstable. You can look at it one hour and its getting thousands or more in exchange. The next hour or day and its down to 100, 200, or 300 dollars.
Check the waves on the stat board, it did almost climb to $3000 for a period and continues to inflate and deflate as more are produced and people get curious. It trends, people buy or mine, the inflation happens, people sell, it becomes less popular again, deflation ((unlike gaia)) and then a steady market.
It does cost more now than it did in the beginning, sure. That's how a marketplace works, The point of the system is by 2020 or so they wont produce anymore coins ((unlike the federal government that never stops printing, devaluing the currency and essentially lying to you about it))
It is a consumer run currency, if you have it you can trade it. Goods and services are being incorporated into it more and more. These stages how ever are all in their respectful infancies though as the system is relatively still new.
You don't have to join the trend, it has been both beneficial to some who jumped on it right away and detrimental to those who either got carried away or didn't fully understand the process before spending the cost of their homes on the s**t and getting hacked or some thing.
If your going to try and gt rich quick, or scheme with big money and lucrative opportunity. Of course there are going to be big risks.
This is why we have shows like the dragons den/ shark tank. ((take a look at those people, what they did to become rich/famous/successful. It did not happen over night, there's much education and self learning/discipline involved. Not to mention having an eye for being able to topple your competition.