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398 Posts
Just thought I'd spark a bitcoin/cryptocurrency thread.
I bought my GT-R almost exactly one year ago, and around the same time I was mining bitcoin unsuccessfully on some free machines I had, but I had a very good feeling that once the bitcoin halving occurred the price of bitcoin will rise. At the time bitcoin was worth around $400 and it soared up to nearly $2,900 today which has sparked a lot of interest in cryptocurrency.
I have been following bitcoin for a few years, and have never invested. Cryptocurrency is very unpredictable. However, personally, I really don't see unregulated, instant, unlimited international currency transfer with low fees/costs going anywhere anytime soon. I have wired lots of money overseas, and with currencies like Ripple trying to work with banks to make international money transfers cheap and easy (especially in countries where it's not), I'm hoping cryptocurrency will set a new standard, but I'm afraid it may be limited due to its volatile nature.
Now, I'm not here to tout some baseless crypto currency price prediction, I don't have enough experience or analysis on any of the currencies to offer an educated opinion on them at all, but I still think it's an interesting discussion to be had.
I've been following Bitcoin, Ethereum and Ripple for about a month now and I can't tell if the market is just peaking on an over-hyped Bitcoin rise or if the world is becoming more open to allowing cryptocurrency to set a new standard.
I'd like to hear everyone else's thoughts on cryptocurrency and it's recent price soars and your thoughts on it potentially replacing or at least taking a larger market share from the expensive and slow international currency transfer systems in place today.
I bought my GT-R almost exactly one year ago, and around the same time I was mining bitcoin unsuccessfully on some free machines I had, but I had a very good feeling that once the bitcoin halving occurred the price of bitcoin will rise. At the time bitcoin was worth around $400 and it soared up to nearly $2,900 today which has sparked a lot of interest in cryptocurrency.
I have been following bitcoin for a few years, and have never invested. Cryptocurrency is very unpredictable. However, personally, I really don't see unregulated, instant, unlimited international currency transfer with low fees/costs going anywhere anytime soon. I have wired lots of money overseas, and with currencies like Ripple trying to work with banks to make international money transfers cheap and easy (especially in countries where it's not), I'm hoping cryptocurrency will set a new standard, but I'm afraid it may be limited due to its volatile nature.
Now, I'm not here to tout some baseless crypto currency price prediction, I don't have enough experience or analysis on any of the currencies to offer an educated opinion on them at all, but I still think it's an interesting discussion to be had.
I've been following Bitcoin, Ethereum and Ripple for about a month now and I can't tell if the market is just peaking on an over-hyped Bitcoin rise or if the world is becoming more open to allowing cryptocurrency to set a new standard.
I'd like to hear everyone else's thoughts on cryptocurrency and it's recent price soars and your thoughts on it potentially replacing or at least taking a larger market share from the expensive and slow international currency transfer systems in place today.