Quote:
Originally Posted by Japjapjap
Bitcoin is the Dollar of the crypto currency world, it's sorry sorta like a standard, its going through a major bubble fueled by speculators.
Ethereum, is bitcoin's younger sibling. It's well known but not as well known.
Litecoin' very affordable up and coming currency. Currently being eyeballed due to the speed of transactions. May be adopted as an exchange standard for future online retail and financial services.
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I was almost ready to jump on the bitcoin bandwagon, but I have concerns about the speed of transactions, and the power involved in mining. I am hearing some transactions are hanging in the balance and the transactions are getting expensive as far as the electricity required.
I think a lot of people are just jumping in due to the bubble, but it's too early in the game to see how it plays out and I am personally not a gambler. Not when it comes to money.
I do believe cryptocurrency is the wave of the future but I have a feeling bitcoin is going to be the beta version compared to others currencies that have faster transactions. As Japjapjap said, it could crash to a more realistic level.