Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

when and why did Bitcoin start to become really popular to invest in? how do you invest in it exactly? you get coins or just computer image?

Update:

and why people are so stupid? give real money for computer images? that can be deleted or "crash"?

1 Answer

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  • 2 months ago

    <<<when and why did Bitcoin start to become really popular to invest in?>>>

    In 2017 when the price increased dramatically.

    <<<how do you invest in it exactly?>>>

    See

    https://www.coindesk.com/learn/bitcoin-101/what-is...

    <<<you get coins or just computer image?>>>

    You only get an account (or wallet) which keeps track of how many bitcoins you own.

    <<<and why people are so stupid? give real money for computer images? that can be deleted or "crash"?>>>

    Some people have made a lot of money by investing in bitcoins, so I would not call all bitcoin investors stupid. It is a high risk investment that potentially can give you a high return.

    ---

    I have never invested in bitcoin. At my age I consider it too high a risk to be acceptable.

    I believe the ultimate success of bitcoin depends upon having many retailers accept as payment for goods and services. I do not believe that is a certainty. I also believe there is a risk of hackers undermining the security of bitcoins. 

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