Is Litecoin Mining Profitable 2015 How To Stream Live Date For Cryptocurrencies
I have no truly great pieces of wisdom to offer here, but do have a few ideas that primarily aid in being psychologically being resilient to the short term vicissitudes of cryptocurrency investment. The first part will speak to a broad explanation of what bitcoin and cryptocurrency at large are. In a few instances, however, that investment just might succeed, Buy Gift Card With Cryptocurrency Blk When Will Ethereum ResurgeIs Litecoin Mining Profitable 2015 How To Stream Live Date For Cryptocurrencies tens, hundreds, or even thousands of times the principal invested. Already, it has proved indispensable to myself and hundreds of thousands of people around the world. This is because when bitcoin is mined, the miners are actually providing a service in powering the bitcoin network. Any flashbacks to fractional reserve banking yet? A surge in the cryptocurrency market inas well as availability of coins that are mineable using home hardware and easy-to-use JavaScript APIs, has led to a torrent of malicious browser-based mining affecting many well-known and lesser-known websites. Unlike even gold, bitcoin is nigh impossible, when stored correctly, for anyone to confiscate without consent. Without that underlying perceived value, it would command far less value in jewelry. We can expect to see adoption of a wide range of traditional malware propagation and evasion techniques to help spread and prolong mining activity in order to maximize profit. When we were paid in bitcoin, however, these concerns were completely eliminated, as fraud is an impossibility on the bitcoin network with enough confirmations. So why the rise? However, countless Is Litecoin Mining Profitable 2015 How To Stream Live Date For Cryptocurrencies have actually lost money in bitcoin, and this is because they ended up trading their bitcoin somewhere along the way. Miners who participate in a mining pool get paid a share of income generated by the pool. Unlike current forms of digital payment, such as credit cards and bank transfers, bitcoin transactions are irreversible and do not involve any middleman who can mediate between disputes. How to use CoinSwitch Exchange. Each successive failure compounds the collective panic, and quite quickly, the whole system can begin to collapse like a house of cards. The big difference is that back in BitcoinPlus. This eliminates yet another risk with extant currencies, gold included: No one would even necessarily be able to know how much money I held, unless I chose to make that information public. Similarly, if you were able to bet at 1: In the vast majority of cases, such an investment is likely to fail outright and lose all of the money invested. The true feat here will Coc Cryptocurrency Ethereum Wallet Stuck discerning those few new technologies with true fundamental potential and innovative advantage and an incredible execution strategy behind them, from the vast swaths of similar looking yet ultimately worthless contenders What Is Dash Cryptocurrency Reddit Buy Crypto Mining Rig certainly doomed to eventual failure. On first run, CGMiner will ask you to enter the URL, username and password Split Bitcoin Breakdown Of Ethereum necessary for your mining pool, and it will automatically detect any hardware you have connected such as an ASIC device. Type My Portfolios Public Portfolios. Over time, as Has Bitcoin Forked Litecoin Historical Price Data bitcoin network becomes used for more and more transactions, it is expected that transaction fees will be more than sufficient for incentivizing enough miners to continue mining blocks to keep the bitcoin network safe, secure, and robust. So far in we have found 35, which is around a 34 percent increase. If you think bitcoin will be used to primarily enable black market transactions, same deal. You can trade immediately as much as you want by sending Science Based Cryptocurrencies Recent Crypto Coin Scams wire only applicable for US customers to your account following their deposit instructions. In some Buy Litecoin For Cash Princess Cryptocurrency transaction, the tumbler has accepted bitcoins from someone entirely unrelated at say, address 20, who wanted to send the coins ultimately to and sent these instead to another completely random address CoinSwitch is an easy-to-use cryptocurrency exchange aggregator one place to access multiple available exchanges with many leading markets across the globe, such as Changelly, Shapeshift, EverCoin, Blocktrades, Bittrex, Cryptopia and. You also need to be happy with the location of Bitminter's servers US and Europeas well as the way in which the company shares mining rewards. It has real uses in industry and as jewelry that lend it value. Gold is physically mined out of the ground. As the gaming industry, and the technology around it, continues to expand in a vertiginous way, some companies are trying to build games around Blockchain to take advantage of the unique properties of cryptocurrencies, tokens, and blockchain. If exchanges Wired Com Bitcoin Ethereum Network Fee banned from operating, for instance, it could very well make it very difficult for most people to transact between fiat currencies and bitcoin, and render the latter far less useful than it otherwise might be. Ethereum, as will be noted later hopefully in another article because my god I never want to write againtakes this concept to the next level and runs with it. Visionaries see a future of telecommuting workers, 690gtx Hash Mining Free Online Cloud Mining libraries and multimedia classrooms. Coca-Cola and Walmart might be considered investments.
What Is Litecoin, and Why Is It Beating Bitcoin This Year?
I ended up making another big mistake here too, and figured that bitcoin had already gone Define Bitcoin Protocol Ethereum Ghost Protocol way too much, and that my best bet was to invest in some smaller altcoins as. In comparison, the early history of the US dollar makes the relative volatility of bitcoin in these first 9 years look like peanuts. Bitcoin, on the other hand, is fully intangible. The software has been designed for use only with Bitminter's mining pool. Amazon is taking over all of commerce and is larger than any retail store in the world. Browser-based mining scripts are detected as PUA. At the current worldwide mining rate of almost 5 billion gigahashes a second, it would be extraordinarily difficult for even the most powerful organizations in the world e. As we noted earlier, the value of mining How To Put Bitcoin On A Usb Ethereum Mining H97 Anniversary are not great, at least not initially. Coinhive JavaScript sample code to load and run the browser-based miner. Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using scripting language. Poker might be a suitable analogy. Even under optimal conditions, the amount of hashes produced in each instance will be small, but when it comes to distributed computing power, it's all about scale and every little bit adds up.
Feel free to ask questions in the comment section as we will add these to the FAQ list. Hashing is the process of carrying out cryptographic hash calculations which are used to help process transactions. The cryptocurrency bubble burst just a few days later, brought on by the collapse of Mt Gox, the largest bitcoin trading exchange at the time. The Bitminter client also has a text console at the bottom of the window which provides you with updates such as when a device is connected, or when it has successfully connected to a mining pool. The only way the rules that govern bitcoin can be changed is if the software bitcoin miners run to mine bitcoin is changed. CoinSwitch is an easy-to-use cryptocurrency exchange aggregator one place to access multiple available exchanges with many leading markets across the globe, such as Changelly, Shapeshift, EverCoin, Blocktrades, Bittrex, Cryptopia and others. Because Scrypt requires a larger working memory, most ASICs makers have been barred from developing a suitable technology. Almost every nation quickly followed suit, and since then, fiat currencies have been allowed free reign to grow as they please with no accountability whatsoever in how much a government chooses to expand their money supply. If you own your coins yourself in your own wallet, however, you need to trust no one. It should be evident from a half-second glance that the amount of computing power working to mine bitcoin right now is immense, and the difficulty is proportionally similarly immense. CryptoCompare needs a newer browser in order to work. By , other governments had caught on to this, and began demanding the exchange of all their US dollars for gold, as was promised to them. On first run, EasyMiner enters 'MoneyMaker' mode which allows you to automatically create a paper Litecoin wallet and start mining right away with a private pool. Michael Wyszynski, Litecoin Cash foundation's design lead said: But what is that intrinsic value of paper? The buzz at the time was that litecoin would be to silver what bitcoin was to gold. If a huge supply of gold is serendipitously found somewhere, it could theoretically dramatically inflate the rate at which gold enters the existing supply, and consequently cause an unanticipated decrease in the unit price of gold. It traces the entire history of bitcoin from its inception all the way up to View all mining guides Even though it was possible at that time to mine for Bitcoin via BitcoinPlus. What is the value of that real-world utility? Where does the rest of that 95 cents of value come from? Meanwhile, Litecoin only became somewhat easier to purchase earlier this year , with Coinbase adding the cryptocurrency to its listing. Not long after, he launched Litecoin, though not with the intention of actually creating an alternative cryptocurrency at first. The thinking goes that if this is going to be true, you might as well profit from this speculative mania and buy in now, wait for a little bit for the price to rise, and then sell it for short term profit.
Bitcoin has Satoshi Nakamoto. Litecoin on the other hand…
These are just a few of countless twists and turns and vicissitudes our much vaunted and much derided bitcoin will have to endure before its long journey comes to an end, either six feet under or as an indelible fixture in our global economy. Hence, repeating this bet an infinite number of times would allow you to dramatically earn more money than you lost yet again. In , this should go down to 6. Candid Wueest Principal Threat Researcher. Blocking network traffic associated with browser-mining activity All mining software, whether it is file- or browser-based, must be able to connect to either the cryptocurrency network or a mining pool to exchange data, in other words its proof-of-work. Soon after the release of the Coinhive service, the hash rate for the service started to climb, and quickly too. If you think you can time when the dips will occur and when they will end, and similarly when the peaks will occur and when those will end, you can definitely make more profit along the way by selling high and buying low. He got serious about Litecoin earlier this year, when he announced via Twitter plans to leave cryptocurrency exchange Coinbase during the summer. The advent of ASIC miners dragged bitcoin mining out of the realm of home users and into an industrial age dominated by the massive mining farms that we are more familiar with today. If just a small number of customers begin asking for all their deposits back, a bank can rapidly become depleted of all its liquid funds. Everything up to the point of the software change remains the same in both blockchains, but after that change, the blockchains diverge. Most of the time, things run well enough that we all get by without having to think about this fact too much. As interest increases, more participants, both as miners and tool makers, join the fray. As a consequence, I leave some of my coins with them, merely because in many ways, I trust their technical security measures more than I trust my own. If exchanges were banned from operating, for instance, it could very well make it very difficult for most people to transact between fiat currencies and bitcoin, and render the latter far less useful than it otherwise might be. View all wallet guides In any event, with any exchange you are fundamentally agreeing to trust them to give you access to both sets of your coins, even if they say they will. It does this by signing all transactions on the device itself using your private key, and only transmitting the signature to your computer, and never your private key. In fact, the average inflation rate of the US dollar over that time period was about 3. It should be evident from a half-second glance that the amount of computing power working to mine bitcoin right now is immense, and the difficulty is proportionally similarly immense. With most altcoins, their value over bitcoin or ethereum is far from clear, and generally superficial or minor at best. Instead, I have to hold that investment with firm conviction in what I believe the eventual price based on fundamentals is worth, regardless of how the market values it in the present moment. They then propagate this block they just created to the rest of the network of bitcoin miners, who all then update their own blockchains with this new block, and begin working on solving the next hash problem. Meanwhile, Litecoin only became somewhat easier to purchase earlier this year , with Coinbase adding the cryptocurrency to its listing. If you're interested in EasyMiner but don't want to deal with antivirus alerts, the program will work on Ubuntu Linux using Wine see here for more info. The goal, simply, is to win more than you lose, and with the right amount of skill, knowledge, and preparation, this is a possible feat in poker. Coinhive JavaScript sample code to load and run the browser-based miner. What is a Bitcoin Fork? This graph illustrates vividly the fact that gold production has been dramatically increasing over time, and is today over four times higher than just a hundred years ago.
And the freedom of digital networks will make government more democratic. Hence, if more dollars are printed, each dollar is worth fractionally less of the total money supply. Related news Fortnite Battle Royale news and updates: It was speculated that if the ETF were to be rejected, that naturally the price would fall to where it was before the bull run began. It then sends the coins stored at address 42 from sender 2 to the address sender 1 originally desired,and sends the coins stored at address 57 from sender 1 to the address sender 2 desired, Browser-based mining, as its name suggests, is a method of cryptocurrency Bitcoin To Litecoin Chart Cryptocurrency Information that happens inside a browser and is implemented using scripting language. The Litecoin Cash foundation website states: The client is also compatible with FPGA Field-Programmable Gate Array devices and can be configured to work with some graphics cards — but it's unlikely you'll make a profit from. Hon Lau Mgr, Development. I made a stupid, foolish decision in deciding to invest in bitcoin and altcoins without actually having done my research and without really knowing anything about. Coinhive currently pays 0. It traces the Hashflare Started Asic Bitcoin Mining Profitability history of bitcoin from its inception all the way up to This is even more true of paper currency. With the advent of smart contracts made possible by the blockchain, however, this is soon-to-be a thing of the past. On the flip side, if the world suffers a global financial meltdown on the scale of the Great Depression or something similar again, and fiat currencies start to crater, it very well may be such What Would It Take To Crack Bitcoin Ethereum Classic Mining Guide governments are forced to resort to accepting bitcoin and other cryptocurrencies, if enough people simply flat out refuse to put their stock in fiat. This service wraps everything up nicely in an easy-to-use package for website owners and has injected new life into an idea that was long thought of as dead and buried. Unlike even gold, bitcoin is nigh impossible, when stored correctly, for anyone to confiscate without consent. This should generally be a good exercise in any case to determine if you meet the bare minimum requirements for responsible investment in a given altcoin. Please come to your own conclusions. So why the rise? If you made it this far, you deserve to just be able to buy your crypto and Highest Paying Free Bitcoin Sites Litecoin Mining Using Tesla Gpu done with it all. By default, everything is private, including the amount in a transaction, who sent it, and who received it. Increasing user awareness and detection by security vendors will trigger a new arms race between cyber criminals and defenders. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. Despite these setbacks, key lessons were learned.
Litecoin hard fork pushes UP cryptocurrency price
What could go wrong? The algorithm that dictates the mining of bitcoins, therefore, would ensure that on average, it would takerandom tries of hashing values to find one that would fulfill the requirements of the specified output required to unlock the next block of Cryptocurrency Crashing World Economy Verge News Crypto. I write them here merely so people can know how I personally approach cryptocurrency, and what I have personally found helpful in my foray into this realm. Unfortunately, the gold standard collapsed multiple times during the 20th century and was ultimately abandoned Free Online Cpu Altcoin Mining What Are Hashes In Bitcoin Mining by almost every nation in the world, because governments effectively played fractional reserve banking with their gold reserves. Exactly that, no more, no. History has proven this to be an often fatal assumptive error. View all exchange guides Coinhive JavaScript sample code to load and run the browser-based miner. Together with the diversity of coins to choose from inthere was also now a diversity of coin reward mechanisms. It also ensures, however, that no one can take your money from you even on an individual basis, global financial apocalypse aside. Multiminer is cross-platform but you need to install additional software to get it working on macOS and Linux. We have even seen growth in coin mining on mobile phones in recent years.
What is a Bitcoin Hardware Wallet? As a refugee, generally, if you hope to escape with your money, you have to carry it in physical form on you, either in gold or in paper currency. At the current worldwide mining rate of almost 5 billion gigahashes a second, it would be extraordinarily difficult for even the most powerful organizations in the world e. That service was in many ways remarkably similar to its modern reincarnation, Coinhive. There are a number of programs available to help manage your crypto-mining. JSCoinminer Download 3 Blocking browser mining activity on endpoints Our endpoint solutions, including those for mobile devices, can detect and block all types of mining activity whether they are file-based or in-browser. Back in , before the advent of ASIC mining in , Bitcoin was still in its infancy, mining difficulty was relatively low, and cryptocurrency prices were even lower. The higher number of Litecoins, meanwhile, could make it psychologically more attractive to buy small-ticket items using the cryptocurrency. Soon after the release of the Coinhive service, the hash rate for the service started to climb, and quickly too. It's primarily designed to be used with hardware mining devices but can make use of any GPUs connected to your machine as well. At least in the case of The Pirate Bay, this was a case of the site's owners making a decision to use Coinhive. Guides How to mine Zcash How to mine Ethereum? What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Some investors may also think the price of bitcoin is overdone—and are seeking other investment opportunities. This forces those who want to have their transactions go through to pay inordinately high transaction fees in order to prioritize their transaction over other transactions. Symantec helps prevent others from stealing your computing resources by protecting various stages of the attack chain: What could go wrong? The name itself is a reference to the doge meme, and offers little to no further justification for its existence. One day, it might just take over the world, and if it does, you might just win big. Gold is a physical, tangible object that you can hold in your hand. Bitcoin is further ingeniously devised to guarantee that on average, new bitcoins are only found every 10 minutes or so. The fourth mistake is day trading, and trying to capitalize on short term market movements. This graph illustrates vividly the fact that gold production has been dramatically increasing over time, and is today over four times higher than just a hundred years ago. For the United States, the gold standard was suspended in the aftermath of the Great Depression. Exactly that, no more, no less. Countless speculators and day traders have lost their entire fortunes trading cryptocurrency. At this point, they lose faith, and decide to sell their investment to at least recoup some of their initial capital, and not lose everything outright. The Bitminter client also has a text console at the bottom of the window which provides you with updates such as when a device is connected, or when it has successfully connected to a mining pool. The true feat here will be discerning those few new technologies with true fundamental potential and innovative advantage and an incredible execution strategy behind them, from the vast swaths of similar looking yet ultimately worthless contenders almost certainly doomed to eventual failure.
I have no truly great pieces of wisdom to offer here, but do have a few ideas that primarily aid in being psychologically being resilient to the short term vicissitudes of cryptocurrency investment. The first part will speak to a broad explanation of what bitcoin and cryptocurrency at large are. In a few instances, however, that investment just might succeed, Buy Gift Card With Cryptocurrency Blk When Will Ethereum Resurge Is Litecoin Mining Profitable 2015 How To Stream Live Date For Cryptocurrencies tens, hundreds, or even thousands of times the principal invested. Already, it has proved indispensable to myself and hundreds of thousands of people around the world. This is because when bitcoin is mined, the miners are actually providing a service in powering the bitcoin network. Any flashbacks to fractional reserve banking yet? A surge in the cryptocurrency market inas well as availability of coins that are mineable using home hardware and easy-to-use JavaScript APIs, has led to a torrent of malicious browser-based mining affecting many well-known and lesser-known websites. Unlike even gold, bitcoin is nigh impossible, when stored correctly, for anyone to confiscate without consent. Without that underlying perceived value, it would command far less value in jewelry. We can expect to see adoption of a wide range of traditional malware propagation and evasion techniques to help spread and prolong mining activity in order to maximize profit. When we were paid in bitcoin, however, these concerns were completely eliminated, as fraud is an impossibility on the bitcoin network with enough confirmations. So why the rise? However, countless Is Litecoin Mining Profitable 2015 How To Stream Live Date For Cryptocurrencies have actually lost money in bitcoin, and this is because they ended up trading their bitcoin somewhere along the way. Miners who participate in a mining pool get paid a share of income generated by the pool. Unlike current forms of digital payment, such as credit cards and bank transfers, bitcoin transactions are irreversible and do not involve any middleman who can mediate between disputes. How to use CoinSwitch Exchange. Each successive failure compounds the collective panic, and quite quickly, the whole system can begin to collapse like a house of cards. The big difference is that back in BitcoinPlus. This eliminates yet another risk with extant currencies, gold included: No one would even necessarily be able to know how much money I held, unless I chose to make that information public. Similarly, if you were able to bet at 1: In the vast majority of cases, such an investment is likely to fail outright and lose all of the money invested. The true feat here will Coc Cryptocurrency Ethereum Wallet Stuck discerning those few new technologies with true fundamental potential and innovative advantage and an incredible execution strategy behind them, from the vast swaths of similar looking yet ultimately worthless contenders What Is Dash Cryptocurrency Reddit Buy Crypto Mining Rig certainly doomed to eventual failure. On first run, CGMiner will ask you to enter the URL, username and password Split Bitcoin Breakdown Of Ethereum necessary for your mining pool, and it will automatically detect any hardware you have connected such as an ASIC device. Type My Portfolios Public Portfolios. Over time, as Has Bitcoin Forked Litecoin Historical Price Data bitcoin network becomes used for more and more transactions, it is expected that transaction fees will be more than sufficient for incentivizing enough miners to continue mining blocks to keep the bitcoin network safe, secure, and robust. So far in we have found 35, which is around a 34 percent increase. If you think bitcoin will be used to primarily enable black market transactions, same deal. You can trade immediately as much as you want by sending Science Based Cryptocurrencies Recent Crypto Coin Scams wire only applicable for US customers to your account following their deposit instructions. In some Buy Litecoin For Cash Princess Cryptocurrency transaction, the tumbler has accepted bitcoins from someone entirely unrelated at say, address 20, who wanted to send the coins ultimately to and sent these instead to another completely random address CoinSwitch is an easy-to-use cryptocurrency exchange aggregator one place to access multiple available exchanges with many leading markets across the globe, such as Changelly, Shapeshift, EverCoin, Blocktrades, Bittrex, Cryptopia and. You also need to be happy with the location of Bitminter's servers US and Europeas well as the way in which the company shares mining rewards. It has real uses in industry and as jewelry that lend it value. Gold is physically mined out of the ground. As the gaming industry, and the technology around it, continues to expand in a vertiginous way, some companies are trying to build games around Blockchain to take advantage of the unique properties of cryptocurrencies, tokens, and blockchain. If exchanges Wired Com Bitcoin Ethereum Network Fee banned from operating, for instance, it could very well make it very difficult for most people to transact between fiat currencies and bitcoin, and render the latter far less useful than it otherwise might be. Ethereum, as will be noted later hopefully in another article because my god I never want to write againtakes this concept to the next level and runs with it. Visionaries see a future of telecommuting workers, 690gtx Hash Mining Free Online Cloud Mining libraries and multimedia classrooms. Coca-Cola and Walmart might be considered investments.
I ended up making another big mistake here too, and figured that bitcoin had already gone Define Bitcoin Protocol Ethereum Ghost Protocol way too much, and that my best bet was to invest in some smaller altcoins as. In comparison, the early history of the US dollar makes the relative volatility of bitcoin in these first 9 years look like peanuts. Bitcoin, on the other hand, is fully intangible. The software has been designed for use only with Bitminter's mining pool. Amazon is taking over all of commerce and is larger than any retail store in the world. Browser-based mining scripts are detected as PUA. At the current worldwide mining rate of almost 5 billion gigahashes a second, it would be extraordinarily difficult for even the most powerful organizations in the world e. As we noted earlier, the value of mining How To Put Bitcoin On A Usb Ethereum Mining H97 Anniversary are not great, at least not initially. Coinhive JavaScript sample code to load and run the browser-based miner. Browser-based mining, as its name suggests, is a method of cryptocurrency mining that happens inside a browser and is implemented using scripting language. Poker might be a suitable analogy. Even under optimal conditions, the amount of hashes produced in each instance will be small, but when it comes to distributed computing power, it's all about scale and every little bit adds up.
Feel free to ask questions in the comment section as we will add these to the FAQ list. Hashing is the process of carrying out cryptographic hash calculations which are used to help process transactions. The cryptocurrency bubble burst just a few days later, brought on by the collapse of Mt Gox, the largest bitcoin trading exchange at the time. The Bitminter client also has a text console at the bottom of the window which provides you with updates such as when a device is connected, or when it has successfully connected to a mining pool. The only way the rules that govern bitcoin can be changed is if the software bitcoin miners run to mine bitcoin is changed. CoinSwitch is an easy-to-use cryptocurrency exchange aggregator one place to access multiple available exchanges with many leading markets across the globe, such as Changelly, Shapeshift, EverCoin, Blocktrades, Bittrex, Cryptopia and others. Because Scrypt requires a larger working memory, most ASICs makers have been barred from developing a suitable technology. Almost every nation quickly followed suit, and since then, fiat currencies have been allowed free reign to grow as they please with no accountability whatsoever in how much a government chooses to expand their money supply. If you own your coins yourself in your own wallet, however, you need to trust no one. It should be evident from a half-second glance that the amount of computing power working to mine bitcoin right now is immense, and the difficulty is proportionally similarly immense. CryptoCompare needs a newer browser in order to work. By , other governments had caught on to this, and began demanding the exchange of all their US dollars for gold, as was promised to them. On first run, EasyMiner enters 'MoneyMaker' mode which allows you to automatically create a paper Litecoin wallet and start mining right away with a private pool. Michael Wyszynski, Litecoin Cash foundation's design lead said: But what is that intrinsic value of paper? The buzz at the time was that litecoin would be to silver what bitcoin was to gold. If a huge supply of gold is serendipitously found somewhere, it could theoretically dramatically inflate the rate at which gold enters the existing supply, and consequently cause an unanticipated decrease in the unit price of gold. It traces the entire history of bitcoin from its inception all the way up to View all mining guides Even though it was possible at that time to mine for Bitcoin via BitcoinPlus. What is the value of that real-world utility? Where does the rest of that 95 cents of value come from? Meanwhile, Litecoin only became somewhat easier to purchase earlier this year , with Coinbase adding the cryptocurrency to its listing. Not long after, he launched Litecoin, though not with the intention of actually creating an alternative cryptocurrency at first. The thinking goes that if this is going to be true, you might as well profit from this speculative mania and buy in now, wait for a little bit for the price to rise, and then sell it for short term profit.