(01-21-2021, 03:11 PM)flsprtsgod Wrote:

(01-21-2021, 09:59 AM)StroudCrowd1 Wrote: I am not familiar with the workings of bitcoin but do have a question. How exactly do you spend them? I haven't seen the option on most of the websites I shop on (or haven't looked hard). I don't understand how the whole thing actually works involving tangible purchases. I also just read something about a guy who forgot his password and has 200M sitting out there and only has 2 tries left at entering his key or it will be corrupted.

Truthfully there's not many places you can use them as currency yet because there's some unresolved tax issues associated with its use. Most of the activity in Bitcoin I've seen is related to investment only. I put in some money back at Thanksgiving and I made almost 60% on it over the next several weeks. Ever since it hit $40k though it pulled back and can't seem to get much momentum going again. I'll probably just keep what I have in there for now, it's way to volatile for serious investment.