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A comment on A Family Who Sold Their Belongings for Bitcoins.

Re:A Family Who Sold Their Belongings for Bitcoins by holydude on Thursday November 09, 2017 @05:43AM (#15661366)
I have heard about bitcoin when it all started and did not give a damn about it. Then my friend invested a lot into mining not because of financial incentives but because it was fun. It was fun for him that he bought the GPUs and then ASIC miners. Bitcoin was worth peanuts back then.

Then prices started to grow. I thought it was too late when it was on 200. Then the value dropped. And then again the price increased to 1000$ and again I waved it that it's too late. Then the price dropped to 400 and then again it continued to grow until today.

You will always be late to invest if you do not do your homework or are too risk averse.

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Re:A Family Who Sold Their Belongings for Bitcoins by hackerguy99 on Thursday November 09, 2017 @06:08AM (#15661455)
>You will always be late to invest if you do not do your homework or are too risk averse.

The stock market is full of "investment" ideas like this, rising thousands of percent over short periods. Are you researching all those penny stocks? Why not?

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Re:A Family Who Sold Their Belongings for Bitcoins by bob_theslob646 on Thursday November 09, 2017 @06:57AM (#15661666)
Great point. Seriously. Wait until all those people who mined it using not their own hardware ( yeah, you know who are ) are litigated by their company and secondly, has the U.S government reconized it?

Blockchain is here to stay, bitcoin is unproven, especially with scale.

Just my opinion.

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