Is Investing in Cryptocurrency Worth It?
How to invest
Most first time investors choose Bitcoin, a digital currency created by hacker Satoshi Nakamoto. Its clandestine origin as a method of paying for goods and services on the dark web has since been overshadowed by its near ubiquitous popularity among bedroom businessman and other millennials caught up in the fever dream of what they perceive to be the first steps in a post-hard currency world.
As a mineable coin you could say that Bitcoin depends upon its miners (users). By mining the blocks within the Bitcoin ecosystem, miners are actually validating transactions, that way also earning profit along the way, as miners will deduct fees for verifying and processing your transaction.
Just like investing in stocks and shares with your capital as traders do at Canary Wharf or Wall Street although most people consider Bitcoin as more comparable to gold and those that invest in it. It’s volatile, costly to use and deflationatory and according to most experts the scenario in which we start buying groceries or paying our rent in Bitcoin is not only a long way off but unlikely to ever happen. So what’s the point?