The Phaserl


BITCOIN THE PERFECT SCAM: Price Does Not Reflect True Dangers Of Holding Bitcoins

by Steven St. Angelo, SRS Rocco:

Bitcoin is as a SCAM by design as I have voiced many times over several months in that even when a large percentage of people have their holdings stolen the price is stable enough to continue to entice new entrants into exchanging hard earned fiat currency for bitcoins via the ramblings of the clueless mainstream press, investors who will also at some point lose the value of all of their holdings.

GUEST POST:  This is an excellent article by Nadeem Walayat, Editor at Market Oracle.  Many readers have asked my opinion on Bitcoin.  While I stated that I didn’t trust the crypto currency, I never really took the time to research it.

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