Photo by Dmitry Demidko on UnsplashThe first time I heard about Bitcoin, I rolled my eyes like many others have done. \u201cIt won\u2019t last,\u201d I said. \u201cHow can you have a currency that isn\u2019t backed by anything of value?\u201d That was way back when it was possible to mine Bitcoin for low cost on a personal computer. As the price rose, I would say, \u201cI guess I should have mined or bought some, but it\u2019s going to crash, so no need to bother now.\u201d The price continued to rise, and I never questioned my decision not to invest in it because I knew the bubble would pop, and it would all come crashing down when people realized it had no actual value.The price of Bitcoin recently peaked at sixty thousand US dollars for a single coin, and other cryptocurrencies have reached new highs as well. People are making YouTube videos showing the Lamborghini, or another exotic car they bought with money made from mining Bitcoin, parked next to a wall of dedicated ASIC miners. So over the past two years, I have dabbled in cryptocurrency to see if it is still possible to make money from it.If you don\u2019t know exactly what Cryptocurrency is, no worries. The way I think of it is, it is a digital currency without a physical asset. A Bitcoin is worth the same amount of Bitcoin anywhere in the world. Of course, the dollar or euro value of that Bitcoin will change, in the same way that the yen to dollar exchange rate changes as markets fluctuate. Digital currencies such as Bitcoin are limited so that when people have mined them, there will be no more. People are holding Bitcoin, and people are mining and losing Bitcoin that will never be recovered. A man in\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Photo by Dmitry Demidko on UnsplashThe first time I heard about Bitcoin, I rolled my eyes like many others have done. \u201cIt won\u2019t last,\u201d I said. [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4117"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4117"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}