Are Cryptocurrency and Bitcoin investments profitable?

CryptoGuru Level X³

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September 10, 2016, 9:42 am

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Are Cryptocurrency and Bitcoin investments profitable?

I wanted to start a discussion about this because i am a Bitcoin miner! im also a crypto currency investor! People want to know whether this kind of investment is profitable or worth it to get into. The answer is YES! Bitcoin alone has risen from about 240 to over 610 USD in the past 3 years, Thats over 160%. The banks and IRA investments donut even equal to 10% of that over 3 years. In Fact if ?If Bitcoin takes over one-third of the world's remittance market, the price of the bitcoin would go up over 15,000 per one coin! Its safe to say we are still in the infancy of Bitcoins but the potential is rite infront of you. What do you think i would love to hear from you guys.

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Lynne

Lynne

Oh Jkeyz2 we are back on Bitcoin LOL.

Ok so I totally understand that crytocurrency is the way of the future but for some reason I just can't get how it works.

So maybe you can make a dummy like me understand exactly how it all works. I don't understand the concept of mining it. I also don't understand how it appears to be completely independent from real money? I don't know if my confusion and my question makes sense to you but this crytocurrency doesn't make sense to me.

1 8 years ago

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CryptoGuru

CryptoGuru

Bitcoin is the wave of the future as well as the current wave of money. I would be glad to help you learn more about Bitcoin, Below i have a video that you could watch that briefly explains a little bit of the basics.

Bitcoin is a currency like cash except its digital only, you can use it to buy anything! Unlike stocks Bitcoin can be exchanged the same way as cash person to person. The other main difference is that you do not have to buy Bitcoin like you do stocks you can do what called "Cryptocurrency mining" and basically you buy computers and run them in your garage (Like i do) and make a monthly income.

Below are pictures of my operation we have grown a little bit since my last post. If you have any questions about investing into Bitcoin or starting a mining operation just let me know.

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Lynne

Lynne

Oh my gosh Jkeyz2 that looks like quite the set up there! See now that is the part that confuses me the most.

I understand that cryptocurrency is online currency... cool but then it gets me confused. I still think in terms of money, so in my mind money must be paid to get bitcoins and vice versa... but that is not how it works and that is where my brain falls short.

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CryptoGuru

CryptoGuru

Well Lynne that's ok one of my companies main jobs is to teach people about crypto currency and how it could benefit the lives of so many. Bitcoin is absolutely a currency like USD, Yen, Pound, ETC, you can buy anything with it! i've already purchased a few things but my main focus is to build it as fast as i can so i can be financially free and start to build the people around me up. You can get Bitcoin debit cards , they have Bitcoin ATMs. My point is we have to get into Bitcoin now lol it is starting to really take off and in the next 5 years you will see Bitcoin priced upwards to 5000 a coin or more. You can acquire mining hardware and create a monthly income for yourself really easily if you have the start up.

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Cristian

Cristian

Holly Molly jkeyz2! That really looks like a gold mine lol. I have just one question. How long did it took for you to set all that up and how much time did you spend learning and studying all this?

I remember I downloaded some mining software for litecoin back in the day, didn't quite understood how all it all worked and gave up shortly after. You said something about investors so that means you are mining for other people or just for yourself?

0 8 years ago

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vinaya

vinaya

In 2015 I had 2.5 bitcoins which worth $1000 at that time (one bitcoin was around $400), currently, bitcoin price is almost $10000. If I had not spent all of my bitcoins I would have $25000 at this time. So my answer is yes, investing in bitcoin is profitable. However, I do not know much about other cryprocurrency as I have heard that some cryptocurrency has been shut down.

0 7 years ago

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CryptoGuru

CryptoGuru

This is so old so many people who have been rich if they just listened to me lol! i have almost 600K in bitcoin and almost a million dollars total in crypto currency. I no longer mine but i do still save all of my money in crypto my bank never has more than 5K cash in it!

0 3 years ago

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Heridans

Heridans

I think that investments in cryptocurrencies can bring good profits in the future. But it is important for you to choose a cryptocurrency that you can afford, for example Ethereum or Stellar. By the way, I recently found an interesting cryptocurrency game https://duckdice.io/dice/dash-dash and I am sure that many people will like this entertainment. You can try the demo version right now.

0 3 years ago

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