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Problem I have with bitcoins is that they are run like fiat currency but is run and stored digitally.
First off, is that no code or system design is ever perfect, if there is money to be made, someone will find a way to exploit it.
Second off, unlike traditional fiat currency, it is not backed by or regulated by anything. We have no entity that ensure it's value or have considerable power to do so (eg. banks and govt.) So this 'currency' is only valued as much as the market values them, so they can blow up in a moments notice, a potential ponzi scheme you may say. Because of this, it can easily become a pump and dump.
But it certainly does look tempting, buying couple hundred to thousand dollars worth of hardware, and sitting back and making it rain. Sounds too good to be true? Maybe.
But then again, what is the loss? Electricity, and just some computer hardware at most (if you have no other use for it.) So if you're gonna do it, don't hoard and hold long, make what you can leave when the time is appropriate.
Just IMO.
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