Bitcoin's Value Rose To Nearly $10K On Black Friday

[kcarbotte]

The value of the most popular cryptocurrency made significant jumps over the holiday weekend. While shoppers were busy buying up low-priced goodies, investors were dumping money into the currency of the future.

Bitcoin's Value Rose To Nearly $10K On Black Friday : Read more

 

[Jeff Fx]

> investors were dumping money into the currency of the future.

Into what they imagine will be the currency of the future. A future that would somehow have no regular money, but somehow still have an Internet.

 

[austintx1985]

And a currency that could crash one day, with investors losing millions potentially overnight. Plenty of upside, but no guarantees that it continues to go up.

 

[NewbieGeek]

So... What you're telling me is people trust crypto currency more than government currency? The value of Bitcoin compared to USD is 1 : 9774.99 as of 11/27/17.

 

[berezini]

e coins are not the currency of the future, it is however backdoor gambling and an alternative to stock market.

 

[berezini]

There are still people that use checks as form of payment and they are still multitudes and not going anywhere.

 

[brianfanslau]

is there any profitable pc builds that you would recommend for mining any of these coins going forward?

 

[AnonymousAndy]

Right now is a terrible time to invest in bitcoin, it always crashes back down after a spike up like what just happened. You'd have to be an absolute fool to buy at its current price of nearly $10k .

is there any profitable pc builds that you would recommend for mining any of these coins going forward?

Yes, there are.

 

[TJ Hooker]

is there any profitable pc builds that you would recommend for mining any of these coins going forward?

Both bitcoin and litecoin mining have been taken over by ASICs. You're not going to make money mining them with a GPU in a PC. Ethereum is still profitable in the sense you will earn more than electricity costs. However, no one can say how long it would take you to recoup the investment of the PC hardware for mining. Maybe eith value stays the same and after maybe a year you break even. Maybe the value continues to go up and you make a decent profit. Maybe it goes down (or difficulty goes up) and you never make your money back.

If you think eth is going to keep going up and want to try to make some money off it, you can also just purchase some eth and sit on it for a while.

 

[10tacle]

If you want to earn money in an "investment" then do some research and buy real estate in an expanding or soon-to-be expanding area. It's not rocket science figuring out where the growth trends are out there. That's about the only guaranteed multiple digit return on investment if properly researched.