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I did this, sadly only a few hundred. Invested ~six months ago, and now it is worth double.

• deleted 9y ago
  [deleted]
• CyberFonic 9y ago
  Are you talking paper gains or actual cashed out real money gains? Bitcoin is virtual currency based on massive electricity consumption. Due to the ever increasing difficulty of mining, it is effectively a Ponzi Scheme.
  • foopod 9y ago
    Paper gains. Sure its a pyramid of assumptions that could topple at any moment. But if it continues the way it has been, then it can accomplish the goal.
    • netsharc 9y ago
      "Surely real estate prices will keep going up!" The worry is that when the crash comes, no one will be willing to buy. Or even if you find buyers, what if everyone starts withdrawing their money from the exchange, and the exchange doesn't actually have that liquidity...
  • muzani 9y ago
    3-6 months time span? Ponzi Schemes are my weapon of choice.
  • Obi_Juan_Kenobi 9y ago
    Difficulty is not in any way ever increasing. Difficulty is set based upon the overall hashing power of the network. If it becomes more expensive to mine, miners drop out and difficulty decreases.