Bitcoin is a fantastic speculative asset. With such violent price swings, it can make day traders and short term bettors lots of cash. Too bad it can never be a useful currency, at least not in its current form, due to its highly volatile price swings. If the dollar's value acted like bitcoin currently does: Hey, how much is that car today? It will cost you $20,000. The next day, how much is that car today? It will cost you $25,000. A week later, how much will the car cost? $15,000........ Bitcoin swings more than Venezuelan currency. I am sure the technology behind bitcoin will be with us for a long time in some way, but they will have to figure out how to eliminate the price volatility before it would be acceptable to those who don't like to lose 50% or more of their "value" in a month's time. Just look at the chart since Dec 2017... Name any currency anywhere in the world that could properly serve its monetary function with such price moves. https://charts.bitcoin.com/chart/price
What a joke Bitcoin is. Wastes a vast amount of computer time and energy doing nothing useful. In 100 years,w hen we have computers the size of continents,and have harnessed the entire Power of the sun,the technology may have practical application.
This guy didn't HODL his $#!TC@!N, he bought a LAMBO. If it was me, I would have bought a red one. _JLG.
Damn, if you aren't right goldpelican. I zoomed in and sure enough it was a 1 kg. P.M. bar, lol _JLG.