07 Dec '13, 9pm

Why nobody in their right mind should get into Bitcoin right now

Why nobody in their right mind should get into Bitcoin right now

Woooohooo! Bitcoin is scorching! It’s party time, baby! Par … tay. Seriously – have you seen the exchange rate? A grand per Bitcoin* – boom! What about John Woo, the star analyst from Bank of America Merrill Lynch – surely you heard his word from on high ? It’s pure gold. And I quote : “We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers.” You either need to be really rich, really idealistic, or really crazy to invest in Bitcoin. Hear that? “Major means of payment!” Cha-ching! Can you smell the money? Can you taste it? Where’s the yacht? Where’s that Cristal? We’re all gonna be rich! Amiright? Nope – probably not. And, for the love of Adam Smith, we need to calm the hell down before more people get hurt. If you’ve been paying attention to Bitcoin – especially if you just starte...

Full article: http://www.digitaltrends.com/opinion/nobody-right-mind-ge...

Tweets

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