12 Apr '13, 7pm

Now is the time to gamble on bitcoin

Now is the time to gamble on bitcoin

If you’ve got money you can afford to lose and a penchant for gambling, there’s no better time than now to plow that cash into bitcoin, the alternative currency that plunged in value over the past two days after hitting astronomical highs. Let me be clear: I am not saying that, in the long run, bitcoin is a viable alternative currency. Many sophisticated thinkers have, at great length, established that it isn’t . And I’m not saying it’s a good investment. Bitcoin is far too volatile, and it’s not a good idea to bet on a single asset, anyway. In 2014, the price of a single bitcoin, currently trading at around $70 , is as likely to be zero as $1000. What I am saying is that there are plenty of reasons to believe that, as in many other classic economic bubbles , the world is full of “greater fools ” ready to continue buying bitcoin and drive up its price again, even in the wa...

Full article: http://qz.com/74019/now-is-the-time-to-gamble-on-bitcoin/

Tweets

Singapore, gamble much?

Singapore, gamble much?

instagram.com 14 Apr '13, 7pm

Echt 1 min geleden had ik de 23e like ofzo en nu ineens bam 222 likes ?!? Woww gewoon

What exactly is #Bitcoin, and how does it work?

What exactly is #Bitcoin, and how does it work?

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Bitcoin, still not a currency. And now crashing.

Bitcoin, still not a currency. And now crashing.

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thenextweb.com 12 Apr '13, 12am

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