What is your opinion on cryptocurrency ?

[ExoPaul]

There is a site out there that offers free Bitcoins (fractions of Bitcoins, called Satoshi) every hour. Just over 12 months ago I started to do it for fun by getting a Wallet and collecting these Satoshis. When the value of the Bitcoin is low, you get more Satoshi. When the value is high, you are awarded less Satoshi.
As soon as I got a fair few of them the price suddenly surged to ridiculous levels and the value of what I collected for free, rose from pence, to over £10 in 3 months and eventually topped out at its height at £16.
I held on to them and then the price crashed and now they are worth around £4. But with the crash the amount of Satoshi I am collecting is higher than when it was at its peak.

So what have I found from the last 12 months?
- That you CAN make money from nothing. You don't have to invest if you are just an amateur wanting to play around with ****** and learn about it.
- Cryptocurrency is extremely volatile and investing real money is a huge risk that I would liken to betting on Red/Black at a Roulette Table.
- That collecting free Satoshi might seem silly now, but I found that turning what I had from 17 pence into £10 in three months is far better value than any bank interest rate, so are a good investment when it's free. And that what is worth £4 now, might be worth £hundreds or more if the price ever soared yet again (which in ****** terms could easily happen as it is that volatile at both ends of the spectrum).
- That I don't just collect free Satoshi, I also collect free XRP which is another cryptocurrency that is currently at a very low price at the moment (meaning you can grab lots of them each hour).

 

[Jasondb]

For me cryptocurrencies and bitcoins only have any worth when you can spend them in shops like M & S or online at Amazon. If they have no practical interchangeability, I see them just as speculative tools with according risks.

 

[Karimbo]

ExoPaul. You don't get it for free do you? You get it for performing tasks like watching ads, solving captchas and other tasks. This is the biggest waste of time. After how many months have you made pocket change doing how many tasks?

 

[Luciano@VineTec]

Had its day. Bitcoin was original and novel. Now people are spinning up their own cryptocurrency hoping it will be the next big think.
I didn't invest and have lost nothing, everyone I know who has is out of pocket. But either to their own when it comes to risk.

 

[coincornermolly]

For me cryptocurrencies and bitcoins only have any worth when you can spend them in shops like M & S or online at Amazon. If they have no practical interchangeability, I see them just as speculative tools with according risks.

Hey Jasondb, Molly from CoinCorner here. This is just what I wanted to read - we're actually bringing out a Bitcoin debit card very soon which will allow you to spend your Bitcoin at all of your favourite retailers! It will be accepted wherever Visa is supported

 

[cmorales]

For me rather than buying bitcoins, buy the bitcoin miner. Today, the government will intervene this cryptocurrency and they will propose to add the tax of each bitcoin.

If you're buyer of bitcoin, you will lose. If your bitcoin miner, it is fine.

 

[alex moody]

For me rather than buying bitcoins, buy the bitcoin miner. Today, the government will intervene this cryptocurrency and they will propose to add the tax of each bitcoin.

If you're buyer of bitcoin, you will lose. If your bitcoin miner, it is fine.

Easy ****** hunter based in manchester best for ****** mining rigs, real people and a real office and everything is made there!

 

[Mark T Jones]

Easy ****** hunter based in manchester best for ****** mining rigs, real people and a real office and everything is made there!

LOL - pretty much ****** summed up

 

[alex moody]

LOL - pretty much ****** summed up

****** mining is pretty much the same as you paying someone to host your companies website you are just renting someones server to host your website - with ******, companies rent your computer power to host there ****** share or token and as a reward you are a paid a % of the particular ******.

People have been doing it for years - plus most people when they think of cryptocurrency or mining immediately think of Bitcoin - There are over 2500 ****** based companies using blockchain technology - each with a different purpose or use. Take Maersk for example, they are incorporating blockchain into supply chain to improve there service and save money by removing the middle man, Blockchain just digitizes human trust.

So when people use the term 'mining' you are actually just adding power to the blockchain to increase its performance and as a reward you get paid for it. Pretty straight forward.

 

[Mark T Jones]

****** mining is pretty much the same as you paying someone to host your companies website you are just renting someones server to host your website - with ******, companies rent your computer power to host there ****** share or token and as a reward you are a paid a % of the particular ******.

People have been doing it for years - plus most people when they think of cryptocurrency or mining immediately think of Bitcoin - There are over 2500 ****** based companies using blockchain technology - each with a different purpose or use. Take Maersk for example, they are incorporating blockchain into supply chain to improve there service and save money by removing the middle man, Blockchain just digitizes human trust.

So when people use the term 'mining' you are actually just adding power to the blockchain to increase its performance and as a reward you get paid for it. Pretty straight forward.

I was refering to the style of selling - lots of big, unsubstantiated claims - no real engagement or knowledge

 

[alex moody]

I was refering to the style of selling - lots of big, unsubstantiated claims - no real engagement or knowledge

Well there are plenty of platforms that you can use to manage your ****** - Binance being the biggest platform where you can have a digital wallet and buy and sell your ****** - the same as your buying and selling stocks. Like anything the market does fluctuate every day but its a long term play its not something you can get rich quick off in a couple months. Everyone has different views but if you speak to the right people then its not a bad way to make a passive income.

Mining rigs are popular because you aren't putting all your eggs in one basket, you can swap what coin you are 'mining' with the click of a button and keep the coins in your digital wallet till the market price is right to sell or you can convert them to another ****** as they are all interchangeable therefore minimizing your risk of losing loads of money .