[x1stcav]

Been following it since it got going but still cannot make sense of it.

I have a son with an MBA from a big-name school who runs a hedge fund and he can’t make sense of it. Same with a friend who was a very successful int’l banker.

If someone here knows what it’s about, I curious.

[Aria]

In 2014 I had 40 bitcoins. Most stupidly I sold them.

Now I have 1/3 of a bitcoin that I bought in early November and it’s more than doubled. My goal is to rid the trend and I watch it VERY closely.

Don’t put any more in than you can afford to lose.

[EQAndyBuzz]

“I have a son with an MBA from a big-name school who runs a hedge fund and he can’t make sense of it. Same with a friend who was a very successful int’l banker.”

Funny, my MBA son called me today about opening up an account for him. He likes the company Ripple XRP and thinks they will be the next Bitcoin.

[allendale]

Exactly the point.If Bitcoin is a valid currency, less than 1% of the population understands it, much less having the capacity to use it for commerce. Very few people understand how it it valued, stored or even used. Try reading the Wikipedia entry on Bitcoin and see if you really then understand it. Have to agree with Jamie Dimond. Keep away from it at this time.

[grania]

Somebody explaining it to me said a bit coin is made of two specks of pixie dust and the wings of a butterfly. That made as much sense as anyone did who was trying to be serious.

Bitcoin is a way to hide transactions from governments and to set up a barter system with an agreed-upon marker. I figure if powerful people who manipulate everything are using it for their purposes, it won't disappear....until the gov wants its cut.

[ALASKA]

I’ve got a friend who prints those labels that go on the back of highways signs, and he doesn’t have a clue.