The problem here is that we have a virtual coin which apparently has real value. This might tend to attract thieves, spammers and conmen. It might also attract regulation and taxation from those brilliant, super-smart politicians caught up in a headlong rush to tax something they don't entirely understand.
Alternative currencies are something unique, something that hasn't been tried before. Where the dollar/ pound/ Euro is backed up by the honourable word of their respective governments, an alt-currency exists ONLY online and currently has a narrow band of followers willing to accept that it has any value at all.
Bitcoin exists at public whim. Whims can change. I would urge you to bear the last point in mind because there is a potential that you could make a lot of money - but there is a much greater risk that you could lose it all
Firstly I would say Bitcoin, at least as an only investment, is not the sort of thing you should be investing in. It seems not many people really undertsand Bitcoins, including me.
A strong argument for cryptocurrencies is in the future of the internet. In the future the internet and its services will become more monetised. Take emails. Email systems are basically getting swamped by spam and viruses (look in your inbox!). One way around this is to have a paid-for email system. Not subscription based but maybe on a one-at-a-time basis. For this you would need a cheap system whereby machines could pay each other very tiny amounts (let's say $0.0000001). A conventional monetary system could not do this cheap enough but something like Bitcoins could.
Or take the Internet of Things (IoT). Maybe the sensors will automatically charge miniscule amounts of money to receive and send on data.
You can buy gold coins and jewelry for less than the price of a bitcoin now. If you buy a 1/10 once gold coin or a gold necklace it will actually be there in 20 years Bitcoins might have gone the way of the dodo by then.
Bitcoins aren't safe investments, but with more risk comes a greater chance of rewards. Gold, as a commodity, is somewhat riskier than other investments such as relatively safe, short term, standbys, like certificates of deposit, money market savings accounts, and the like.
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No. Bitcoins are down more than 60% from their peak last fall and also down 30% from their peak a couple months ago. If you insist, I wager that you will lose a large chunk of your investment in just a few months.
forget bitcoins, the IRS has already said they are going to be taxed on their sale, like stocks
Nope, bitcoins are extremely volatile. You should mined it and use it buy things you like.
im 15 and i would like to know of some good investment ideas for a 15 year old girl Ive herd of bit coins and gold but gold is kinda out of my price range but i was wondering if bit-coins aren't the way to go what would be a safe investment that will gain value over time
