I’m with you. The more I try to learn about it the less I know. I’ve read dozens of articles and listen to BitCoin advocates talk about it and still the only think that pops into my head is scam. Maybe I am just too old or skeptical but when something seems too good to be true, it usually is.
I’ve been told that BitCoin’s value is math (aka mining). The more you mine, the more you get. To base a monetary value on a math problem seems strange.
At this price, buying in would be a catastrophic mistake.
If you are a merchant, accepting bitcoin offers you no more risk than credit cards. And, it might give you the edge over your competition.
Someone pays .121 bitcoin for a purchase. I get .121 bitcoin. Immediately, it goes thru the processor...
.121 bitcoin is worth 34 snazzleberries.
I get 34 snazzleberries in my account.
Don’t think of bitcoin as an investment. That time has LONG passed.
I was offered Bit Coins several years ago, but not understanding, I passed. The price was very cheap.
Another “boat” I missed.