Is it too late for the average joe Software Engineer to invest in Bitcoin?
It is not, but you might want to dollar cost average in.
Bitcoin Surpasses $4,000, Reaches Another Milestone
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Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#12What's Bitcoin use case besides speculation? Buying $10 worth of namecheap domain and pay $5 on fees no thanks!
a decentralized, unseizable, cross-border, deflationary store of value. it's next-gen gold.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#13Is it too late for the average joe Software Engineer to invest in Bitcoin?
I'd also look at quality ICOs if you can do the technical due diligence on them e.g. https://hackernoon.com/the-dawn-of-the-1b-ico-a0486f6587a2
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#14Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#15What's Bitcoin use case besides speculation? Buying $10 worth of namecheap domain and pay $5 on fees no thanks!
a decentralized, unseizable, cross-border, deflationary store of value. it's next-gen gold.
Gold wouldn't have this role if there was not substantial consumer and industrial demand for it.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#16Is it too late for the average joe Software Engineer to invest in Bitcoin?
There is an interesting discussion between Hal Finney and Satoshi in 2009 about the possible value of bitcoin. This is back when it was just a random software project, and had zero value: http://diswww.mit.edu/bloom-picayune/crypto/142207
As an amusing thought experiment, imagine that
Bitcoin is successful and becomes the dominant payment
system in use throughout the world. Then the total
value of the currency should be equal to the total
value of all the wealth in the world. Current estimates
of total worldwide household wealth that I have found
range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of
about $10 million.Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#17Is it too late for the average joe Software Engineer to invest in Bitcoin?
consider some of the up and coming alt coins instead. you can triple your investment in a week. Very unlikely with bitcoin.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#18Is it too late for the average joe Software Engineer to invest in Bitcoin?
consider some of the up and coming alt coins instead. you can triple your investment in a week. Very unlikely with bitcoin.
Or, considering that these are almost surely zero-sum pump-and-dump scams, you can also lose your entire investment.
Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#19Re: Bitcoin Surpasses $4,000, Reaches Another Milestone
#20What's Bitcoin use case besides speculation? Buying $10 worth of namecheap domain and pay $5 on fees no thanks!
Bypassing financial regulations, extortion, llicit substance trade and many other forms of small-time illegal activities. If you strip speculative value and all the technical gloss, what's left is essentially Liberty Reserve 2.0.
https://en.m.wikipedia.org/wiki/Liberty_Reserve
P.S. Fees has actually got lower since the worst back in May, but there is no telling it won't happen again. Paying for anon hosting is not a bad idea but fewer providers are willing to provide it now - Vultr still accept bitcoin but require to have credit card on file as well due to abuse.