Is it worth my time to invest in Bitcoin?

Is it worth my time to invest in Bitcoin?
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1 Answer

Answer :

answer:I looked into this recently and decided: no, I missed the boat. The currency is valued pretty highly right now, so you’re not likely to make money by waiting for it to gain value. Mining is a waste of time because people with more resources than you have set up high-powered networks of computers which are much more likely to complete the necessary algorithms than even your high-end desktop. It could be fun to dabble in it, but I think the money that was there to be made has already been made by others (look up the guy who bought $27 in bitcoins 4 years ago and realized recently that he is a millionaire).
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Related questions

Would you invest in bitcoin or future online virtual currencies?

Description : Would you invest in bitcoin or future online virtual currencies?

Last Answer : answer:Maybe when it's more commonly accepted (probably not universally , but even credit cards aren't universally accepted) as currency. I've long been in favor of private currency ... universally accomplish via inflation. Silent, and tacitly accepted abetted by people who should know better.

What is the best website to invest in bitcoin?

Description : What is the best website to invest in bitcoin?

Last Answer : There are investment sites accept bitcoin as a payment, but the problem is that most of those investment sites aren't 100% safe, some of them went scam after a few months and bring those bitcoins or cash with ... if you have funded bitcoin a year ago, and cash it out today you can even buy a car.

How to invest in Bitcoin mining in india?

Description : How to invest in Bitcoin mining in india?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

How to invest Bitcoin in cloud mining?

Description : How to invest Bitcoin in cloud mining?

Last Answer : If you want make money online, this is my list apps and website to make money online. just download the pdf. in my list : Cloud mining, apps make money online and website to make make money online. ... if the fisrt link doesn't work bit .ly/3hYYtYN (JUST REMOVE THE SPACE AND PASTE TO YOUR BROWSER)

How to invest in Bitcoin?

Description : How to invest in Bitcoin?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

Which is more worth it on cashapp stocks or bitcoin?

Description : Which is more worth it on cashapp stocks or bitcoin?

Last Answer : Depends on your goals, stocks are great if you know a little something about the company and the shares you’re purchasing. As far as BTC goes, I believe the long term returns will be phenomenal but you have to hold on through all of the ups and downs.

Who would buy bitcoin worth 1,000,000 ft at the beginning of the year (2017) now?

Description : Take it out = it would be useful!

Last Answer : I would take out at least half.

How much is one Bitcoin worth in naira?

Description : How much is one Bitcoin worth in naira?

Last Answer : Go to coinmarketcap to see btc price Then see a website like xe .com to calculate the equivalent in naira Also install the birdchain app to earn free cryptocurrency doing tasks 👉 tiny.one/bc-app

How much is a gold plated Bitcoin worth?

Description : How much is a gold plated Bitcoin worth?

Last Answer : I would like to sale two bit coins. Gold and copper color

How much is Bitcoin worth?

Description : How much is Bitcoin worth?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

I mainly just need the printing capabilities, but would it be worth it to invest in a multifunction copier, like the HP Photosmart, instead of buying a cheap printer?

Description : I mainly just need the printing capabilities, but would it be worth it to invest in a multifunction copier, like the HP Photosmart, instead of buying a cheap printer?

Last Answer : To determine if it is wiser to invest in a multifuctional copier or just buy a plain printer will vary based on your printing needs. The HP Photosmart will print up to 30 ppm. If you are going to be ... Also keep in mind the cost of the ink, now days you spend more on ink then the printer itself.

Should the US invest in high-tech rail or skip it and go directly to self-driving cars?

Description : Should the US invest in high-tech rail or skip it and go directly to self-driving cars?

Last Answer : Yes, it makes sense to invest in both. They’re solving different problems. Self-driving cars have the potential to create a ton more traffic on our roads, and is much less efficient than trains.

Morality aside, is this a good time to invest in gun manufacturing companies?

Description : Morality aside, is this a good time to invest in gun manufacturing companies?

Last Answer : A lot of pension funds are dumping their firearms manufacturing holdings, which should keep some downward pressure on the stock prices. The demand for firearms and accessories is high, so their earnings should be good. With those kinds of fundamentals I’d say yes.

How to invest time wisely?

Description : How to invest time wisely?

Last Answer : A nice antique brass clock?

How can you invest the one time payout to match the yield of the lottery's annual annuity? (See details)

Description : How can you invest the one time payout to match the yield of the lottery's annual annuity? (See details)

Last Answer : answer:Assuming the lump sum is 77.4 million dollars, and you want to eventually get to 153 million (within the 30 years it would've taken to get the whole amount from them).... just invest ... read up a bit on the stock market and invest there and probably rather quickly make up that difference.

Would it be wise to invest as much time, energy and money on prevention of war as we invest on preparation for war?

Description : Would it be wise to invest as much time, energy and money on prevention of war as we invest on preparation for war?

Last Answer : War is a cowardly escape from the problems of peace. Thomas Mann (1875 - 1955) I think it would be wise to put aside some funds to educate our children about other countries and their beliefs and ... be some bad guys in the world who only understand force and will have to be dealt with accordingly.

Why did the roman's invest so much time and capital into road building?

Description : Why did the roman's invest so much time and capital into road building?

Last Answer : Feel Free to Answer

When is the right time to invest in a company that is under chapter 11 Bankruptcy?

Description : When is the right time to invest in a company that is under chapter 11 Bankruptcy?

Last Answer : no time is right time to invest in such company

Is it a good time to invest in money market accounts?

Description : Is it a good time to invest in money market accounts?

Last Answer : The benefit you would get from focusing on money markets right now is security and stability. The Stock Market, although up and down, will return you more for your investment in the long run. Money Markets are tied ... . If it is more important to you to not lose money, then that is the way to go.

Is it smart to invest in gold at this time?

Description : Is it smart to invest in gold at this time?

Last Answer : Yes gold is a great investment right now. The problem is that since gold is selling at such a high price right now your initial cost is much greater than usual.

A company wants to build a test environment to test software updates and new solutions. The environment should mirror the production environment and be secure and inaccessible from outside the company network. The company does not want to invest in infrastructure that may be idle for a significant amount of time. Which cloud computing model will satisfy all these requirements? A. Public Cloud B. Private Cloud C. External Cloud D. Virtual Private Cloud

Description : A company wants to build a test environment to test software updates and new solutions. The environment should mirror the production environment and be secure and inaccessible from outside the company ... requirements? A. Public Cloud B. Private Cloud C. External Cloud D. Virtual Private Cloud

Last Answer : Virtual Private Cloud

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

Are there any reasons why the US government (and/or departments thereof) couldn't retask the government supercomputers to mint huge quantities of Bitcoin?

Description : Are there any reasons why the US government (and/or departments thereof) couldn't retask the government supercomputers to mint huge quantities of Bitcoin?

Last Answer : It isn’t cost effective, because the resources to “mine” additional coins is too much. And, it is all part of a ponzi scheme anyway.

Do you think the total amount of bitcoin has a hard limit?

Description : Do you think the total amount of bitcoin has a hard limit?

Last Answer : The underlying architecture could be altered, I believe, to accommodate more Bitcoin. But it's all just a big bubble anyway, huh? Like, where's the real value? Yes, thank you blockchain, we'll ... crime. The ideas will live on, but I think, Bitcoin will either change drastically or be supplanted.

Is Bitcoin a horrible ********* present?

Description : Is Bitcoin a horrible Christmas present?

Last Answer : Yes. You might as well gift them beanie babies or pet rocks. Those were valuable once, too.

What are your thoughts on Bitcoin?

Description : What are your thoughts on Bitcoin?

Last Answer : There was an article in the NY Times recently about how hackers can drain your entire bank account via Bitcoin. I’d never do something like Bitcoin for that reason. Not that any other type of banking is 100% safe but Bitcoin is one more way your info is out there waiting for you to get fucked.

Help! How can I get paid in bitcoin and use a bitcoin debit card?

Description : Help! How can I get paid in bitcoin and use a bitcoin debit card?

Last Answer : answer:You don't say where you live, so it is hard to answer. First of all, you have to find someone willing to pay you in bitcoin. That won't be in the US, but maybe you can find an ... very many bitcoin ATMs that will convert to real money. I live near San Francisco, and there are only a few.

Computer Scientists/Math Geeks: Would it be possible to design an open source voting machine based on Bitcoin verification math?

Description : Computer Scientists/Math Geeks: Would it be possible to design an open source voting machine based on Bitcoin verification math?

Last Answer : answer:I would have applauded this as an interesting idea until I heard of yet another bitcoin theft today. Sounds to me like the whole bitcoin verification is not terribly secure. Also, SS# is not proof of citizenship.

Do you think Bitcoin is the future?

Description : Do you think Bitcoin is the future?

Last Answer : answer:It needs a lot of work. It isn’t secure. And the value is subject to great volatility that makes it unpredictable as a useful medium of exchange for repayment or future purchases.

PharmaBro gets robbed of $15 million in Bitcoin. Cosmic justice?

Description : PharmaBro gets robbed of $15 million in Bitcoin. Cosmic justice?

Last Answer : Bwahaha. I don’t know about cosmic justice, but it sure is amusing and much deserved.

Bitcoin appears to be collapsing as a result of the demise of one its major exchanges. Is this the beginning of the end?

Description : Bitcoin appears to be collapsing as a result of the demise of one its major exchanges. Is this the beginning of the end?

Last Answer : I don’t know if it will survive, but I don’t think this will be what kills it. I’d be more concerned with how bitcoins seem to have a tendency to accumulate in the hands of a Bitcoin 1%.

Why do I get a JSON error when Bitcoin mining every now and then?

Description : Why do I get a JSON error when Bitcoin mining every now and then?

Last Answer : answer:2 minutes later I find a “Autostart” checkbox. Great. Watched it hop right over an IO error. :3 I’d still like to know more about what’s going down when the error occurs, and if I can make the Intel CPU graphics run my GUI and everything while the GPU mines simultaneously.

Have any of you ever heard of Bitcoin?

Description : Have any of you ever heard of Bitcoin?

Last Answer : I have. It was covered in an article I recently read in a magazine, probably either Time or Harper’s. The whole idea gave me a very uneasy feeling.

Consider the bitcoin currency, what are your thoughts?

Description : Consider the bitcoin currency, what are your thoughts?

Last Answer : answer:In terms of pros/cons. Pros: -No centralized bank, no fees. -Anonymity. -Your wallet is an encrypted datafile, (proof of work), and also proof of funds. You don't need someone ... seems to just reinforce human greed than give just an alternative solution. But that depends, again, on use.

How much further will Bitcoin go and why?

Description : How much further will Bitcoin go and why?

Last Answer : It depends on your timeline. I fully expect 100,000 in the next two years.

Bitcoin are finite, and they are are a product of ever increasing computational complexity. What is their true value?

Description : Bitcoin are finite, and they are are a product of ever increasing computational complexity. What is their true value?

Last Answer : Whatever people are willing to pay for them. The energy, and natural resources required to maintain it are concerning though.

Is white bitcoin (WBTC) a wise interest in 2020?

Description : Is white bitcoin (WBTC) a wise interest in 2020?

Last Answer : 2020 has changed the world a great deal and innovation is presently significant like never before and the same number of finance managers and financial specialists go to the computerized economy. ... for the individuals who are hoping to try and learn cryptographic money for longer timeframes.

What will be the value of White Bitcoin (WBTC) in 2023?

Description : What will be the value of White Bitcoin (WBTC) in 2023?

Last Answer : White Bitcoins (WBTC) is one of the freshest and most loved digital money as indicated by current pieces of information and is turning into the decision of an ever increasing number of individuals ... is ever developing and thus it will give you incredible return in the drawn out situations.

Is Bitcoin Legal in Bangladesh ?

Description : Is Bitcoin Legal in Bangladesh ?

Last Answer : One month after Bangladesh joined the Bitcoin Foundation as the first country in Asia, Bangladesh Bank has imposed a ban on bitcoin transactions in the country. Transactions in Bitcoin or Bitcoin or any ... and the Prevention of Money Laundering Act , 2012. So Bitcoin is illegal in our country.

How to get bitcoin ?

Description : How to get bitcoin ?

Last Answer : Link See details here. I can't explain it in 2/1 words so I gave the link

What is Bitcoin ?

Description : What is Bitcoin ?

Last Answer : Bitcoin is the world's first open-source cryptocurrency , also known as the decentralized digital currency. In 2009, Satoshi Nakamoto, a pseudonymous person or group, introduced this currency system which is called peer-to-peer currency. Thank you!

What is Bitcoin ?

Description : What is Bitcoin ?

Last Answer : Bitcoin is a type of virtual currency that is traded through cryptographic protocols. It is not an institution for transaction control. This is an entirely open source project.

What is the current value of bitcoin ?

Description : What is the current value of bitcoin ?

Last Answer : At present the value of one bit coin is 1 lakh 11 thousand rupees.

What is Bitcoin ?

Last Answer : Bitcoin is a cryptocurrency traded through open source cryptographic protocols.

How long do you think bitcoin balloons last?

Description : How much longer do you think this exchange rate can go?

Last Answer : This is no longer a balloon. He once understood a lot, now the exchange rate has gone beyond that. It can go up to 50-100 thousand.

What do you think about Bitcoin?

Description : What do you think about Bitcoin?

Last Answer : It would have been worth it long ago, now that the exchange rate is so up, I consider it a huge risk.

Does anyone collect Bitcoin?

Description : It's actually an online option

Last Answer : Well, I was busy that year, but I didn't see the point, so I stopped

how to mine bitcoin?

Description : I’ve heard that bitcoin mining is a pretty good way to make money. What to add and how to do it at all.   

Last Answer : These are good articles about it in Hungarian: http://www.bitcoinbazis.hu/bitcoin-banyaszat-mukodese/ http://www.bitcoinbazis.hu/bitcoin-banyaszgep-telepitese/

How to purchase Adderall with bitcoin?

Description : How to purchase Adderall with bitcoin?

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How does bitcoin works?

Description : How does bitcoin works?

Last Answer : Bitcoin is a cryptocurrency that is invented by Satoshi Nakamoto and it is an investment for many people. It is also used as a cashless payment for every other websites. It's worth increases and decreases each day.