Capital Alligator Forum

General Category => General Discussion => Topic started by: Dexter on January 17, 2018, 01:02:34 PM

Title: Cryptocurrencies
Post by: Dexter on January 17, 2018, 01:02:34 PM
The wild ride continues.  CNBC reported today that Bitcoin is off 50% from its all-time high...that was made last month!

https://www.cnbc.com/2018/01/17/cryptocurrency-sell-off-continues-as-bitcoin-ethereum-sink.html


Quick question for anyone out there reading this: With these types of price fluctuations, how can Bitcoin (or any other cryptocurrency) be considered a viable currency?
Title: Re: Cryptocurrencies
Post by: Dexter on January 17, 2018, 03:06:19 PM
Here's an insightful analysis of Bitcoin from Mr Money Mustache.     

https://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
Title: Re: Cryptocurrencies
Post by: Dexter on January 17, 2018, 03:09:43 PM
Last resource I'll post on cryptocurrencies today....

Here's a YouTube video that provides an excellent primer on how Bitcoin and other cryptocurrencies actually work.  It was referenced in the MMM article above.

https://www.youtube.com/watch?v=bBC-nXj3Ng4&feature=youtu.be