Cryptocurrencies with names such as Bitcoin have captured the attention of people willing to take a chance on the latest investment craze. A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah.
Bitcoin is an experimental digital currency used over the Internet that is gaining in popularity worldwide. (Photo: George Frey Getty Images) It’s not like investing in Apple or IBM.
Cryptocurrencies with names such as Bitcoin, Ethereum, Litecoin and Ripple have captured the attention of people willing to take a chance on the latest investment craze. The market is blazing hot, unregulated, volatile and not for everyone.
“No guts, no glory,” said Kyle Brendle, house promoter at The Stone Pony in Asbury Park. He has made a “very modest” investment, which he described as a “purely speculative action.”
“There is a cryptocurrency craze in our country,” Brendle said. “I’ve really been trying to be a student of the whole thing for the last few months because there’s obviously a lot of people making a lot of money.” Read more from app.com…
thumbnail courtesy of app.com