It's interesting, I've been familiar with it from the beginning when I was scouring the internet for those fun mind expanding compounds. Harvey remembers those days... some of my best posts came around in the wee hours of the morning on SkiAdk...
Anyhow I never got involved in the currency. Once Silk Road went under I figured that the currency would go away quietly... Look at it now and it's still in its infancy.
I see myself investing in it in the near future, whether its bitcoin or a handful of the others. Certainly not going ALL IN, but it's intriguing. Look at how much the internet has changed the world in just 2 decades.
A TON of unknowns and risk, but damn it'll be interesting to see where this goes.
This is could be a highly risky venture. It really depends on your perception of what "risk" really is. I invested money for use on the Black Market... this gives you an idea of my risk tolerance. There is no physical nature to this currency... it can disappear into thin air very quickly. It's that way by design. That should tell you something.
There was a time in late 2013 where I thought I flushed 5 grand down the toilet into a big Bitcoin septic tank... My entire account was inaccessible for about 4 weeks. The exchange that I invested with was telling me that there was no issue, and I needed to be patient. Apparently, they had contracted an infection that corrupted most of their data, and were having trouble accessing their offline backups. I was persistent and persistence paid off. I'm a Jew, so when it comes to money, well you know what they say....
Now, I feel very lucky (to have just said Yes... Thanks Drugs!!).
I held a position that I was using to purchase party favors (a.k.a. drugs) via Silk Road and subsequent DarkWeb incarnations. In early 2013, I invested 5K. I got in at an average in the 20's.
I closed out the position via Coinbase (IMO:the most reputable exchange) in late September of this year. It appears that i left the Casino a bit early. I exchanged 183 units for $4127 and change, each.
IMO: Your too late to the game... this is a classic bubble