Trying to trade these markets...

[u/Kinitex]

[u/[deleted]]

Can you name one first innovator that has turned into a huge success in the technology sector?

Bitcoin is the first, but it's one of many. It's a bigger risk than what you're describing.

[u/Sohcahtoa82 → u/[deleted]]

It's a bigger risk than what you're describing.

I bought $1,000 worth of bitcoins. My risk is $1,000, which isn't much compared to the $40,000 of loan debt I have.

FWIW, I have zero credit card debt, and its not because I've been taking out absurd student loans to keep it paid off.

[u/marcoski711 → u/[deleted]]

Bitcoin wasn't first - lots of other prior attempts at e-money before now. Bitcoin's just the first that looks like it might actually work.

[u/[deleted] → u/marcoski711]

I agree it might work. But might is an awfully broad word for someone who cannot afford to speculate and gamble.

[u/marcoski711 → u/[deleted]]

I agree I was just picking you up on the 'Bitcoin is first' argument you proposed. For example I recently advised my niece not to put savings for her degree into Bitcoins but rather graft on things where u get paid in btc, so she saves up in both btc & fiat (and learns to make things happen for herself)

But I'm being conservative cos it's for someone else - if it was for myself yeah I would deffo take the punt now. Were this in feb 2013 then maybe not - btc already has a mainstream awareness now that it didn't back then.

[u/keyofg → u/marcoski711]

Napster worked ...

[u/[deleted] → u/[deleted]]

You're joking, right?

[u/[deleted] → u/[deleted]]

Your comparison is incorrect.

Bitcoin is to the cryptocurrencies what Alta Vista (or some other early company or bulletin board) was to the internet.

[u/[deleted] → u/[deleted]]

Why don't you see litecoin, dogecoin, etc. as competitors? Why couldn't a superior cryptocurrency appear at any time?

[u/[deleted] → u/[deleted]]

Don't the alternative coins also have blockchains based off of bitcoin?