This is why almost none of us should own Bitcoins. Bitcoin value has multiple weaknesses. Someone could hack the blockchain, create more Bitcoins and manipulate the value or sell the illegitimate Bitcoins and abscond with the buyers’ dollars. Or groups of users can place large buys and sells of Bitcoins, manipulating their value, because there are no controls. Or Bitcoin users could simply start using other crypto-currencies or traditional government-issued currencies and the market could fold completely, making Bitcoins worthless, as has happened to other crypto-currencies. Any one, or all, of these things could happen at any moment.
Unless you are a professional trader, or you simply want to gamble, stay away from Bitcoins. They have no inherent value, because they are a currency which represents value rather than having value themselves.
Eulogy made by: Adam Hartung
tell me please Forbes is trolling with this article…
The Blockchain hasn’t been hacked. Feds print money up out of thin air and explain how phony money as value when there is an unlimited amount?? Feds manipulate the price of the dollar, inflation and are in bed with Standard and Poors for the so called ‘Excellent’ credit rating of the US government!! Adam wants you to buy is useless investments and he will take his earnings and buy Bitcoin. I love the ignorance!!
Adam should read the book ” money the greatest hoax on earth” if he thinks that government paper credit is anymore real than crypto…
So true! It amazes me how so many are ignorant and refuse to take time to learn about the technology!!