McGrrr
Facetious
I have no skin in the game, but watching the mania phase of a bubble play out is absolutely fascinating. The bubble will inevitably pop, but inevitable doesn't mean imminent, so watch this space.
I only heard about Bitcoin in 2014 and didn't do any research into it until a year later. I considered dipping my feet when the price hovered around £150 for several months, but I concluded that the only advantage to BTC was decentralisation, while transacting and holding the damn things appeared to be both inefficient and cumbersome, nevermind the risks involved. The tax implications were also murky at the time so I didn't bother.
I think retail speculators are confusing BTC with block chain technology. The latter definitely has long term value and will be game changing to finance ($$$ is being thrown at fintech now), but it remains to be seen whether BTC itself will survive. My best friend owns a tiny amount of Ethereum, but we're both really just curious spectators.
I only heard about Bitcoin in 2014 and didn't do any research into it until a year later. I considered dipping my feet when the price hovered around £150 for several months, but I concluded that the only advantage to BTC was decentralisation, while transacting and holding the damn things appeared to be both inefficient and cumbersome, nevermind the risks involved. The tax implications were also murky at the time so I didn't bother.
I think retail speculators are confusing BTC with block chain technology. The latter definitely has long term value and will be game changing to finance ($$$ is being thrown at fintech now), but it remains to be seen whether BTC itself will survive. My best friend owns a tiny amount of Ethereum, but we're both really just curious spectators.