Author Topic: Cryptocurrencies  (Read 71 times)

Dexter

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Cryptocurrencies
« 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?

Dexter

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Re: Cryptocurrencies
« Reply #1 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/

Dexter

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Re: Cryptocurrencies
« Reply #2 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