Hello people of the BitCoin forums!
I'm new to all of this cryptocurrency (I wish I had known about this 2 years before), and I have a couple of little questions for the people who actually go through my message and read my things. The question is : why is the bitcoin prices so high? And it seems that people use bitcoins like stocks, is it good or bad for the currency?
Thank you, and sorry for the bad grammar : english is not my first language :p
Also, could someone tell me if mining with my GPU card is still profitable? Thanks again!
I'm new to all of this cryptocurrency (I wish I had known about this 2 years before): You should know that there are people like me that knew about it for 2 years ago, but still didn't invest in it. Guess how that feels?
Why is the bitcoin prices so high? It's been a lot of hype about it in mainstream media leading to more people buying it as an investment, resulting in driving up the price. Also, more and more places actually accept it as a currency, also helping the price increase.
And it seems that people use bitcoins like stocks, is it good or bad for the currency? - While I'd say this is not as good as people using it as a currency, it's still better than people not using it at all IMO. It helps spread Bitcoin and get new people using it, which could lead to it stabilizing more and more and making it a more common currency.
Also, could someone tell me if mining with my GPU card is still profitable? - It depends on your GPU and electricity costs. You could start by actually posting your GPU. If you decide to mine with your GPU, I suggest not mining Bitcoin with it since there are many "ASIC Miners" that are much more efficient than GPU mining, making GPUs obsolete. However, there are no ASICs for scrypt coins (scrypt is the hashing method used, Bitcoin uses sha256). So it's a lot more efficient to mine Litecoin or Dogecoin, which are common scrypt coins.
If you would like to know more about mining, just let me know.
