I always felt there was something fishy with crypto currency. To many that were involved could never explain how it works or how to receive any ROI. Everyone i spoke to assumes that it is some type of stocks (not sure if it is or not). But it just never made sense.


@RikDaniel - very much the definition of an investment bubble and fad - just like the investment craze over tulips in the 1800's.

I wonder what would happen if, or should I say when, people sell their bitcoins and other cryptocurrencies?

@JudithParrish - you better hope there are buyers at a reasonable prices or the price falls into a vacuum and crashes to lower levels setting a new price norm

I have a client that is fully engaged in taking advantage of the blockchain cryptology, (not for Bitcoin, but other security uses). I think the blockchain application will become commonplace. https://en.wikipedia.org/wiki/Blockchain

@liberty it very well could - I think some aspects of this investment fad will be useful

Bob, have you considered that any business even remotely connected to the banking system will Pooh-Pooh crypto just because it poses such a threat to them? An international currency that doesn’t depend upon or pay a transaction fee to the banks. Never happen.....say the BANKS! An anonymous way to pay for goods and services that can’t be tracked. Nope, won’t ever happen. And, when the idea that it isn’t backed by anything tangible comes up, that’s proof. Ignoring the unpleasant fact that our currency is fiat currency.

@MadDocG - great point. It just adds to the list why this is a failed idea - thanks for bringing that to the table

@Bob - alas, my sarcasm didn’t come through. :-). I’m on the board of one crypto currency, and everything I see points to this medium of exchange as being a wonderful addition to our world. I believe the naysayers are similar to my great grandfather who spoke with derision of the horseless carriage, never happen, it will scare the horses. Or Watson, head of IBM who famously said the idea of a person owning their own computer was nonsense. Crypto has a place, and I believe that place will only get bigger and more important. Just my .02 BTC worth, of course.