That isn’t really an "investment". It is a gamble. They have no value on their own. You are hoping that for some unknown reason, the trading price will go up instead of down, and that you can outguess the public and sell at the best price.
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I recommend investing in sturdy corporate stocks. When you own stock, the company belongs to you and the earnings are yours. The prices of these stocks go up for a real reason - the companies are earning money every year and becoming more valuable. This is investing, not gambling.
If you save a portion of your income each payday and buy and hold stocks, then over the course of several years you can grow very wealthy indeed. It is like hiring someone to go to work and earn money for you, and then using that money to hire more workers. Your money grows exponentially.
Gamblers rarely heed this type of advice. They learn the hard way and waste many years of earning potential.
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Define "clever." -- quick to understand, learn, and devise or apply ideas; intelligent.
This implies you have learned something and understand the process and strategy and have the intelligence to apply your ideas. But this does not seem to apply to you.
Neither have you defined "investing." It generally requires something of value; investments include the purchase of bonds, stocks or real estate property. How do you value a bitcoin? What is it based on?
Definition of 'Investment'
http://www.investopedia.com/terms/i/inve...
Be sure not to get 'an investment' and 'speculating' confused. Investing usually involves the creation of wealth whereas speculating is often a zero-sum game; wealth is not created. Although speculators are often making informed decisions, speculation cannot usually be categorized as traditional investing.
No, It would not be "clever" for the uninformed (or anyone else) to "invest" in bitcoins. Neither would it be "investing," but rather gambling. There is no basis for "investment" decisions. Or at least name one, besides hope. Just one.
The basis of any currency is its stability. Bitcoin has gone from $1,000 to $560 in just a few weeks. This is extremely high risk and extremely volatile, and not a "clever investment." Further, what's to keep them from simply closing their doors and keeping your money?
The apparent collapse of Tokyo-based bitcoin exchange Mt. Gox:
"Mt. Gox, at one time the biggest bitcoin exchange, abruptly stopped trading this week amid reports on the internet that more than 744,000 bitcoins - worth around $380 million at prevailing rates - had been STOLEN. If accurate, that would mean around 6 percent of the world's 12.4 million bitcoins minted would be missing."
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http://www.bitcrate.net/
Those last two are pretty much time consuming but still good earning:
http://www.bitvisitor.com/
http://www.bitchest.me/
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As one of the largest vendors just disappeared yesterday leaving millions of real dollars gone from people who were working with them, I'd not want to go there for a few more years.
Just too insecure and no federal support.
yeah! Its reallu clever to invest in Bitcoins.
Also, there is a company, that makes possible the engagement between customers and producers with an app that allows customers to pay in Bitcoins/CreditCard or any electronic payment.
That company is: http://www.bitpagos.net/en
Check it out! Send them an email!
Hope i've helped you.
I think it fails as both a currency (since the value is not stable) and as an asset (since there is no cash flow for valuing it).
It's basically a digital pyramid scheme.
