Bitcoin: is it a bubble waiting to burst or a good investment?

[tiffanywalsh]

Bitcoin is the fastest-growing asset in the world this year, but the virtual currency does not appear to have many users in London’s tech district. It has been more than a month since bitcoin was used to buy a flat white or craft beer sold at the Old Shoreditch Station, according to the hospitality manager at the east London bar.  Bitcoin is a digital currency, also known as a cryptocurrency, that emerged after the financial crisis and is not underpinned by a central bank. It allows people to bypass banks and traditional payment methods for goods and services – an idea that has evidently caught the imagination of some investors, because its price has surged by more than 900% in 2017. Bitcoin – created by “miners” who use high-powered computers to solve complex mathematical problems – must be stored online using a digital wallet, and can be bought or sold using exchanges such as Bitstamp, Bithumb and Kraken.

[Anti-Cen]

Bitcoin as good but has now become corrupted and you only need to look at the crazy mining fees to
know this and Lightning Network could well result in total fees going up since you need to pay both
miners and banks......err...........sorry hubs

See https://www.youtube.com/watch?v=MpfvhiqFw7A

Yes it was always going to pop at some stage but in this case the development team
have made there own pin and are popping the bubble and this self inflicted wound cannot
be blamed on bankers.

[usahaali05]

It turns out not only in london, in central bank of my country also prohibited. Perhaps now is not the right time for the world to receive valuable material in digital form. should study and research more highly.

[Anti-Cen]

It turns out not only in london, in central bank of my country also prohibited. Perhaps now is not the right time for the world to receive valuable material in digital form. should study and research more highly.

oh i see, numbers especially if they result in having to partake in CPU wars and burn up electrical energy
adds value to something does it now.

OK so give me a Google search term and I will program my machine to load up the first 100 results from the
search and then scan each page looking for images and for each image I will get the program to count the
number of black pixels in these images.

How much are you going to pay me for this "valuable material in digital form" or should you
study up more on just what mining is all about and then we can move on to deal with this 51% attack bull that is
flying around if you see yourself as an expert in these systems.

[drunkcoin]

Neither bubble or good investment. Bitcoin used to be a good investment, but now it's over. It's an asset that slowly looses its price. It could've been a bubble if it was growing fast, but then the price dropped dramatically. Bitcoin price can go up again, but not too high.