Bitcoin has been in the news more than Donald Trump’s tweets.
It seems everyone has now heard of what once was an obscure tech thing.
Bitcoin has been reported as the largest Ponzi scheme in human history. It’s been labelled The Great Bitcoin Scam and guru investor Warren Buffet declared Bitcoin and cryptocurrencies ‘will come to bad end.’
During my holidays I started reading about Bitcoin and even watching YouTube videos.
If you know me, you will know that I am not a huge fan of YouTube or Ted Talks. I prefer to read or listen so watching YouTube videos is out of character for me.
But then again when you’re on holidays you do all sorts of things that you don’t bother doing during the year. Like spending the day doing nothing other than reading crime novels while munching cream biscuits on the couch. Anyway, I digress.
While watching YouTube videos about cryptocurrencies I started thinking about investing in these ventures.
As I dug into the information I got somewhat intrigued and decided I’d to jump in.
Then I hit the wall.
The wall of buying.
It’s not easy to buy cryptocurrencies.
It’s nothing like logging in to Amazon, picking a product and off you go.
You have to register with a reputable dealer, provide different types of ID and even send a photo of yourself as per the one above. That’s me looking glorious in holiday mode.
Will I regret my speculative investment in Bitcoin? Maybe. Maybe not. I have some solid reasons for buying bitcoin.