[sharkhawk]

I have a question for all those bullish on Bitcoins. Those who think that the value will go to $100,000 or more. Why would anyone spend them? I'm going to use 1 bitcoin to buy an IPAD today, $700 dollars at todays price. I just spent a potential $100,000 on an IPAD, who would do that?

[Junk Silver]

The Bitcoin is a classic bubble, worth whatever people think it’s worth at the moment. At some point more people are going to want to spend their Bitcoins than hold them, at which time the “value” could quickly plummet to zero.

Much the same can be said about the stock market which is being pumped up far beyond reality by the massive amount of BitDollars being constantly minted by the Fed.