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To: yoe
If you want to buy Bitcoins you simply go to an online exchange service such as Bitinstant and convert your local currency into the virtual money.

There is no shortage of offers to convert real money into something else; primarily it's because that "something else" is worthless.

As I don't buy drugs (and don't even use them, imagine that!) I have no convincing reason to need Bitcoins.

Bitcoin has become the world's best performing currency, with its value spiking 130% just this year.

OK, I see that the author of this article is already on some heavy drugs. Currencies are not supposed to "perform" - they exist for the sole purpose of maintaining their value compared to, say, commodities. If a currency inflates or deflates so fast, it makes it useless for trade.

But if he wants to speculate with Bitcoins, he should be aware that Bitcoin just suffered a major bust after a major boom - just as expected. That's how money of greedy fools is harvested. This will happen again and again because people rarely learn their lessons.

2 posted on 05/10/2014 3:44:42 PM PDT by Greysard
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To: Greysard

“Currencies are not supposed to “perform” - they exist for the sole purpose of maintaining their value compared to, say, commodities.”

Really? In case you didn’t hear speculating on the foreign currency market is kind of a big deal . . .


3 posted on 05/10/2014 5:13:55 PM PDT by Catphish
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