Friday, June 10, 2011

Bitcoin a great investment or a great scam?

Last week all blogers and youtubers started bragging about the Bitcoin when it reached $10. An email regarding a 200,000 times increase was sent to a lot of people and we all got curious and researched it.
While seems some people made serious money with it since 2009 when it started  only now this So Amazing investment is finally getting attention. Why now? when it was $5 was still a one of kind gain so why brag about it now?
Not only that  but from $10, right under our nose, since brought to our attention it became $28 almost triple, so did it get your attention yet?
Hope not because today it plunged to $20!
But what intrigues me is why this bitcoin is getting attention now when all silver investors are tired of the rigged game and worried that the silver will not be allowed to go back to the $50 mark or higher?
Is this intended as a bait for those week of heart?
The physical silver inventories has shrunken day by day and the price manipulation only affected the paper price but the real truth is the physical silver is harder and harder to get by as smart investors will not be scared away or baited away and will take advantage of this low prices and load more on silver.
So before you start thinking of selling your silver to get into the next best thing, think again: Bitcoin is as unreal as the dollar : a virtual currency is just as good as the monopoly money or our dearest  paper toillet dollar.
Yes, it may go up and make some very rich and happy, but risk only what you are willing to loose because it will only make rich the ones that are behind it and know exactly when is going up and when is going down.