I have never bought, sold nor mined any type of cryptocurrency. I haven't really found the need to (despite recent events) other than it would be cool to say: "I use Bitcoin" or whatever variation. I have done research, so I'm not a complete noob. I feel that it is mostly an exciting, new fad that attracts attention just because of it's shininess. It's different, it's interesting. It's neat. Other than that, I can't seem to wrap my head around why so many people dump real money into this. It seems to be because it's under the radar, out of sight from governments and regulations. I'm perfectly happy spending my american dollar on things that you can also buy bitcoin with. Of course, there's the anonymity of cryptocurrencies, like using cash instead of a credit card. Sadly, I don'y buy illegal products like drugs or hit men online so this would be useless for me. With recent events, it is clear that bitcoins can be stolen. Another $600,000 was just plunked from Canada. I feel that these currencies are mainly used for anonymity, I can't see any other reason to join the party. I'm not trying to hate, I'm just curious as to why you would choose Bitcoin over perfectly fine regulated currency. Let me know if I'm an idiot. I'm just trying to learn.
As I write this, one Bitcoin is worth around $644.50
It seems as if cryptocurrencies' have flaws, in the process of sending and receiving them.
I think the future of these currencies depends on a certain amount of increased regulation and security. I am curious to see what the future will bring. It would be nice to hear from those who have more experience with bitcoin and other cryptocurrencies than I do.