Thread: Bitcoin
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Old 16-07-2019, 21:23   #3
Damien
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Re: Bitcoin

Bitcoin is purely speculation. I.E Gambling. You make money by buying it, hoping it goes up in price, and then selling it. However unlike shares there is little underlying value in a bitcoin, it's ability to rise in price is purely down to how many other people thinking it's going to go up. That's what happened a year and a bit ago when it started gaining, people got on board and thus it gained more and then it spiked. It soon came crashing down again.

No one here can tell you if it's going to go or down in future. However unlike the stock market there is little reason to suspect it's going to go up over time.
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