Mad Returns: $500 I put into Bitcoin over last two months now worth $852.91, and rising like crazy

By John Miller

Friday the 3rd of November, 2017

 

A couple of months ago me and my Dad got to talking, and Bitcoin entered the conversation.

“Hey, have you ever heard of Bitcoin, son?” he asked.

“Yeah, I think it’s something kids on the Internet use to buy drugs with,” I replied.

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We moved on to more edifying topics, but afterwards I got to thinking. Why would my old dad bring up Bitcoin? Was he developing a taste for illicit drugs in his old age?

The following day I did a little research. Apparently the crypto currencies, as Bitcoin and its many imitators are called, are the hip new investments amongst millennials.

Seemed like a scam, but I decided to conduct a little experiment, and invest $125 every fortnight over two months into Bitcoin.

So here we are, and my $500 is now worth a totally bananas $852.91.

Scam? Bubble? You be the judge, but this week I just kicked in another $200.

Disclaimer: the author is invested in Bitcoin to the extent of $1052.91, and may therefore be biased.  

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