Posted by denglish on January 19, 2018 at 13:49:57 from (156.26.121.128):
In Reply to: Please define bitcoin? posted by wilson ind on January 19, 2018 at 09:39:32:
Read the wikipedia article to learn about bitcoin and other cryptocurrencies. Go to coinbase.com if you want to see how you can buy bitcoin. Or if you are really into it and computer savvy you can literally mine your own bitcoin.
There are hundreds of thousands of vendors who accept bitcoin, but far more who do not. Surprisingly, Microsoft will accept it, but Amazon will not. I think Paypal and Ebay do accept it, but not sure.
As an investment, if you are learning about it now you probably have already missed the boat, as many analyst believe it is well into bubble territory. Also, there are other cryptocurrencies, a newer one may be able to yield a higher yield.
As other people have stated, I would not put any money I'm not willing to lose into it.
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