should one invest in bitcoin

Hi
i have some questions regarding the bitcoin
1) please provide some good references to understand it.
2) whats your opinion will it still rise.
3) Are there any similar things like bitcoin.

Thanks
Rohit BajajAsked:
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JohnBusiness Consultant (Owner)Commented:
Blockchain is a ledger of events that is open to all members. Coins (bitcoins) are pieces of the ledger that someone owns . Walrus Magazine article January 2018 edition.

Summary: much hype, some criminals involved, lots of people lose money.

Me: there are safer equity investments
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Dr. KlahnPrincipal Software EngineerCommented:
should one invest in bitcoin

Only to the extent that you can afford to lose all the money you invest in it.  If you can't afford to lose everything, don't invest anything.

Think back 18 years and remember the dot-com bubble at the stage when everybody and their dog was in the stock market no matter what price or safety level.  That's where Bitcoin is today - a pure speculation.  I suspect we are now seeing another dot-com, another Tulip Mania (q.v.) before a "strong correction."

As John says, there are safer investments.  (Not many that will keep you ahead of inflation, but a few.)
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David FavorLinux/LXD/WordPress/Hosting SavantCommented:
Dr. Klahn is right on.

Investing in any securities, including BitCoin, good rule... Only invest what you can loose... so avoid dipping into your grocery money + house payment for investment dollars.
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JohnBusiness Consultant (Owner)Commented:
That is what I said earlier
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JohnBusiness Consultant (Owner)Commented:
You have opened another question on investing.

I invest in solid equities and financial instruments.  Bitcoins are gambling, pure and simple.

You should close this question (since you have opened another one).
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