Gold will probably outperform this year.
Is the point of this article that I have to take Bitcoin seriously because the price is going up? Isn’t that the definition of a bubble?
Don't sell. Diversify and get both (like I have). People might laugh at bitcoin, but it is a very important and serious innovation. Especially when the western central banks are talking about eliminating cash and imposing negative interest rates, bitcoin is an arrow in your financial quiver against the fiat currency statists.
I wonder why these companies aren’t daily backing up their hard drives???
“They have doubled in price in the last six months”
And yet are still worth only one third of what they were worth two years ago, which mean six months ago they were worth ONE SIXTH of what they worth 18 months prior to that!
And the rest of the article is complete gibberish as well, with not a single sentence to support the article’s contention that: “Bitcoins have *JUST* gotten serious”.
The amount of US Dollars, or saved money tied to US Dollars in the world equates to about 10.5 TRILLION dollars... Bitcoin WORLDWIDE estimates, according to this guy is 6 Billion.... So if you took all the bitcoin in the world and put it together, it would’t equate to .005% of all use currency...
Apply to the total amount of worldwide currency, and it becomes such a small percentage its statistically irrellevant... hell just compared to US cash its barely a rounding error.
No doubt 6 Billion dollars is a lot of money for a small group, but on a grand scale, its not even a hiccup on the monetary scale.