Is it too late to get into it? I was really interested in it when it first became big, but I didn't have a computer at the time so I never bothered. I've also heard that the electricity bill to run a mining rig costs more than you'll even make.
>mining rig
It's 2015 bro. Mining is pretty much all over now. You're much better off buying some to pay for drugs or whatever.
Bitcoin is a scam, it's a rigged fucking Ponzi scheme.
>>1004230
Is this how you cope?
>>1004218
Don't bother m8. Coins are nigh impossible to mine by yourself and the whole scheme of earning them is a pyramid.
>>1004218
Just buy some and sit on it. Mining is pointless.
>>1004381
>derivatives
>money in the future is money today
this meme again
>>1007036
This. Also total contracts outstanding doesn't mean shit.
Say A promises to sell 100 oz. of gold to B at a future point in time and B promises to sell A 100 oz of gold at a future point in time.
The derivates market "grows" by 200 oz but not a single dollar will change hands because both contracts cancel each other out.
>>1004218
>Is it too late to get into it?
Yes. Mining hasn't been cost-effective for years now and just recently it's been at its highest value for two or three years. If you really want to waste your money on bitcoin you should wait for it to crash again first.
Seriously, though, how do you plan to cash out on your bitcoins? It's not like you can instantly convert them into cash once they hit a certain price point like you can with stock investments or mutual funds. How do you turn virtual currency into real currency?
>>1007054
>It's not like you can instantly convert them into cash once they hit a certain price point like you can with stock investments or mutual funds. How do you turn virtual currency into real currency?
This is the most retarded thing ive ever heard claimed about bitcoin. There are a million exchanges queueing up to sell your bitcoins for you.
You can set sell orders on the exchange.
Its Literally nigger tier FUD to say its hard to sell bitcoins.
