One thing I have learned for sure....there are gonna be some really unhappy people who took out loans, thousands of dollars in credit card debt, or even mortgaging their houses to buy into bitcoin when that bubble bursts.
Not if they bought in more than 6months to a year ago, and sell soon. It's up to somewhere around $19k and 6 months ago was at something like $3.5k or less....
How many people do you think fall into that category? I think lots of people who bought a year ago probably sold-off a lot of theirs when it hit $1-5k. Those buying-in now are very much gambling the same way those before were, but it's at a much higher premium cost and I suspect there's going to be a burst bubble with such a rapid growth.
One thing I have learned for sure....there are gonna be some really unhappy people who took out loans, thousands of dollars in credit card debt, or even mortgaging their houses to buy into bitcoin when that bubble bursts.
and to think I almost bought $100 worth* 12 years ago... but then got sidetracked and completely forgot to figure out how to buy in. I could be a "BILLIONAIRE" right now
*12 years ago, $100 worth would have bought me something like 10,000 bitcoins, they were seriously like $0.10 each or less. Literally worth pennies. @ $0.10ea, at the est $19k price today... I could cash out for $190M (retired). I've been kicking myself forfor about 2.5 years now for not buying in when it was worth pocket change. Even if I had just done a $20 investment.... :/
Jeeeeeezz......I was only tangentially aware of bitcoin from back when Silk Road was a thing, I suspected it was never going to grow outside of usage for black-market purchases and didn't want to get involved in something I kept wondering when the fed would be cracking down on.
Sorry to hear about that. At least you didn't pay 10,000 bitcoin for a pizza?
Bear with me, BlacknMild, I'll send you the set of instructions I used to set mine up after I get off work. Same situation as you, I don't turn-off my computer, so the difference in energy usage to have it actively mine coin I suspect isn't going to be that substantial.