Is it worth investing in bitcoins

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While cryptocurrencies have become widely known and are still gaining in popularity, it’s worth remembering that they have only been around for just over a decade. The concept only really emerged with the publication of a white paper on Bitcoin in 2008. Stock markets, in contrast, can look back on centuries of history. The London Stock Exchange, for example, was founded in 1801. Gold has been a proven custodian of value for millennia. But cryptocurrencies? Nobody really knows what will happen to cryptocurrencies in the future—and you need to be brave to enter these uncharted waters as an investor. What Is Bitcoin Investing? In February 2014, the world's largest Bitcoin exchange, Mt. Gox, declared bankruptcy. Likely due to theft, the company claimed that it had lost nearly 750,000 Bitcoins belonging to their clients. This added up to approximately 7% of all Bitcoins in existence, worth a total of $473 million. Mt. Gox blamed hackers, who had exploited the transaction malleability problems in the network. The price of a Bitcoin fell from a high of about $1,160 in December to under $400 in February.