Bitcoin surpassed US$4000 in value this weekend

[HEXUS]

And it is trading at US$4200 (GBP£3235) at the time of writing.

Read more.

[Friesiansam]

Two words come to mind, "bubble" and "burst". Invest now at your peril, sooner or later the bubble will burst.

[Disturbedguy]

Two words come to mind, "bubble" and "burst". Invest now at your peril, sooner or later the bubble will burst.

The bitcoin "bubble" started in 2009 - 8 years ago, if the "bubble" were going to burst, I imagine it would have happened already..

[Kanoe]

Like most investments they will have periods of down and up. It's always the game to work out which is the likely trend coming and invest accordingly.

[lumireleon]

this means AMD is going to get more profits

[Ttaskmaster]

What's the point in Bitcoin any more? Haven't they closed down all the Guns & Ganja eStores on the Deep Web and Dark Web ?

[chj]

Man I regret not keeping my wallet. Thought it was a novelty when it first started

[Friesiansam]

Two words come to mind, "bubble" and "burst". Invest now at your peril, sooner or later the bubble will burst.

The bitcoin "bubble" started in 2009 - 8 years ago, if the "bubble" were going to burst, I imagine it would have happened already..

As I write now, the value is up to $4275.91 having been less than $1000 as recently as March, that looks like quite a bubble waiting to burst. Nothing is certain but, as in the stock markets, value could be hammered by a burst of profit taking, especially if big holders of BT decide there is a significant risk involved in continuing to hang to hang on to them. Also, if there are any serious problems, perhaps with one or more of the exchanges, there is, unlike with "real" currencies, no bank, government, or central bank back-up or protection. I know many think the independence is a good thing, until something goes wrong...

[Ulti]

I actually don't understand why people buy AMD cards to mine with - I did some research and found that the RX580 for example only has a hashrate of 30H/s, that's tiny compared to the current difficulty!

Even my old ASIC miner that mines at 5GH/s is nothing now (and hasn't been for a while - I turned it off long back). Are AMD cards simply used to mine other cryptocurrencies?

[=assassin=]

Ugh, I hate Bitcoin. I wish it never existed, since it has ruined the graphics card market by inflating prices to ridiculous levels, making it bad for people who buy them for their intended purpose i.e. games.

[directhex]

What's the point in Bitcoin any more? Haven't they closed down all the Guns & Ganja eStores on the Deep Web and Dark Web ?

Money laundering, to move capital out of China without being subject to state limits on selling currency.

[bledd]

Man I regret not keeping my wallet. Thought it was a novelty when it first started

Ditto, I rubbished the idea and never spent a single gpu/cpu cycle on it. More fool me

[Macman]

Get on the stock market then

[Ttaskmaster]

I actually don't understand why people buy AMD cards to mine with

I assume because they were good enough, but cheaper than the Nvidia options?

Money laundering, to move capital out of China without being subject to state limits on selling currency.

I thought China was trying to make money, not move it out... selling off the world one 99p eBay sale at a time!

[Macman]

Bitcoin is starting to be accepted by some companies, won't be long it becomes acceptable in your local corner shop.

[wazzickle]

People have been saying that btc is a bubble since it started. It may well be one now, or become one, but it's beyond the likes of us to be able to say when. A good friend of mine is a trader and lives by the phrase 'the best time to buy was yesterday, the second best time to buy is today'. If it were easier to buy, I'd be lumping it on right now.