The Bitcoin craze is here!
At almost 6000USD/1 Bitcoin, I can see why everyone is talking about Bitcoin today and lots of investors are buying this cryptocurrency. Unfortunately Bitcoin is a scam. Yes I said it! Having currency that is NOT regulated, NOT controlled and NOT backed in any way is just plain stupid. I see this whole Bitcoin thing as a craze/trend etc that will hurt a lot of people when the bubble bursts!
I do like the idea of “no middle man” while transacting online and of cryptocurrencies, however putting my hard earned money into something that I have no control of is a bad investment. The price of Bitcoin right now is dictated by the craze and lots of people are buying into it. OUCH!
Last year it was the Chinese investors buying short domain names and YES that craze ended and the bubble did burst! HEY, guess what!!? Those investors paid an inflated retail price for those short names, BUT they ended up with some great .com names in their accounts!! Dot com domain name prices are on the rise today, and will continue to skyrocket in the future.
What are you going to end up with when the Bitcoin bubble bursts?? cyberdust. LOL