Our views_ welcome to the bitcoin party (you're late) _ our views _ gazettextra.com bitcoin exchange company

Our views_ welcome to the bitcoin party (you’re late) _ our views _ gazettextra.com bitcoin exchange company

That the gazette ran a story wednesday (page 3A) about bitcoin should be red flag—a signal this so-called investment perhaps has reached its saturation point.

Bubbles end badly, though it’s difficult to predict when they will burst. Only in retrospect does the “top” become obvious to those people who entered the game late, racking up the largest losses. We’d hate to hear stories about janesville residents who put their life savings into bitcoin only to have the coin’s value evaporate overnight, maybe in a few seconds—bitcoin is that volatile.

The balance of evidence suggests bitcoin is in a bubble, the best indicator being the plethora of copycats (litecoin, namecoin, swiftcoin, dogecoin, lisk, ethereum, zcash, dash, ripple, monero, etc.) now entering the market.

At least bitcoin can be used to make transactions, but many cryptocurrencies haven’t been tested and seem about as useful as digital tokens collected in a super mario bros.Bitcoin exchange company video game.

Bubbles burst amid oversupply—often constituting cheap rip-offs of the original. What began as a legitimate idea can quickly turn into a con as the number of players trying to profit multiplies. When the last sucker tosses in the last dollar, and there’s no more money left to keep the bubble inflated, that’s when the party’s over.

Some prognosticators say bitcoin could still rise 20-fold in value, while financial advisers are understandably skeptical, as they’re used to dealing with stocks, bonds, annuities and other traditional investments vehicles.

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• keep it clean. Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.Bitcoin exchange company

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• remember, this is our site. We set the rules, and we reserve the right to remove any comments that we deem inappropriate.Bitcoin exchange company

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That the gazette ran a story wednesday (page 3A) about bitcoin should be red flag—a signal this so-called investment perhaps has reached its saturation point.

Bubbles end badly, though it’s difficult to predict when they will burst. Only in retrospect does the “top” become obvious to those people who entered the game late, racking up the largest losses. We’d hate to hear stories about janesville residents who put their life savings into bitcoin only to have the coin’s value evaporate overnight, maybe in a few seconds—bitcoin is that volatile.

The balance of evidence suggests bitcoin is in a bubble, the best indicator being the plethora of copycats (litecoin, namecoin, swiftcoin, dogecoin, lisk, ethereum, zcash, dash, ripple, monero, etc.) now entering the market. At least bitcoin can be used to make transactions, but many cryptocurrencies haven’t been tested and seem about as useful as digital tokens collected in a super mario bros.Bitcoin exchange company video game.

Bubbles burst amid oversupply—often constituting cheap rip-offs of the original. What began as a legitimate idea can quickly turn into a con as the number of players trying to profit multiplies. When the last sucker tosses in the last dollar, and there’s no more money left to keep the bubble inflated, that’s when the party’s over.

Some prognosticators say bitcoin could still rise 20-fold in value, while financial advisers are understandably skeptical, as they’re used to dealing with stocks, bonds, annuities and other traditional investments vehicles.

GazetteXtra.Com does not condone or review every comment. Read more in our commenter policy agreement

• keep it clean. Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.Bitcoin exchange company

• don’t threaten to hurt or kill anyone.

• be nice. No racism, sexism or any other sort of -ism that degrades another person.

• harassing comments. If you are the subject of a harassing comment or personal attack by another user, do not respond in-kind. Use the report comment abuse link below to report offensive comments.

• share what you know. Give us your eyewitness accounts, background, observations and history.

• do not libel anyone. Libel is writing something false about someone that damages that person’s reputation.

• ask questions. What more do you want to know about the story?

• stay focused. Keep on the story’s topic.

• help us get it right. If you spot a factual error or misspelling, email newsroom@gazettextra.Com or call 1-800-362-6712.

• remember, this is our site. We set the rules, and we reserve the right to remove any comments that we deem inappropriate.Bitcoin exchange company

Report comment abuse

That the gazette ran a story wednesday (page 3A) about bitcoin should be red flag—a signal this so-called investment perhaps has reached its saturation point.

Bubbles end badly, though it’s difficult to predict when they will burst. Only in retrospect does the “top” become obvious to those people who entered the game late, racking up the largest losses. We’d hate to hear stories about janesville residents who put their life savings into bitcoin only to have the coin’s value evaporate overnight, maybe in a few seconds—bitcoin is that volatile.

The balance of evidence suggests bitcoin is in a bubble, the best indicator being the plethora of copycats (litecoin, namecoin, swiftcoin, dogecoin, lisk, ethereum, zcash, dash, ripple, monero, etc.) now entering the market. At least bitcoin can be used to make transactions, but many cryptocurrencies haven’t been tested and seem about as useful as digital tokens collected in a super mario bros.Bitcoin exchange company video game.

Bubbles burst amid oversupply—often constituting cheap rip-offs of the original. What began as a legitimate idea can quickly turn into a con as the number of players trying to profit multiplies. When the last sucker tosses in the last dollar, and there’s no more money left to keep the bubble inflated, that’s when the party’s over.

Some prognosticators say bitcoin could still rise 20-fold in value, while financial advisers are understandably skeptical, as they’re used to dealing with stocks, bonds, annuities and other traditional investments vehicles.

GazetteXtra.Com does not condone or review every comment. Read more in our commenter policy agreement

• keep it clean. Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.Bitcoin exchange company

• don’t threaten to hurt or kill anyone.

• be nice. No racism, sexism or any other sort of -ism that degrades another person.

• harassing comments. If you are the subject of a harassing comment or personal attack by another user, do not respond in-kind. Use the report comment abuse link below to report offensive comments.

• share what you know. Give us your eyewitness accounts, background, observations and history.

• do not libel anyone. Libel is writing something false about someone that damages that person’s reputation.

• ask questions. What more do you want to know about the story?

• stay focused. Keep on the story’s topic.

• help us get it right. If you spot a factual error or misspelling, email newsroom@gazettextra.Com or call 1-800-362-6712.

• remember, this is our site. We set the rules, and we reserve the right to remove any comments that we deem inappropriate.Bitcoin exchange company

Report comment abuse