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View Diary: Bitcoin Bubble Bound to Burst (52 comments)

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  •  It is ridiculous (1+ / 0-)
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    I think there are supposedly only 21 million bitcoins in theory, so you have to wonder what is driving the spike. I would bet money laundering more than purchases for products and services.

    There are lots of scams for "free bitcoins" out there as well.

    "There is nothing more dreadful than the habit of doubt. Doubt separates people. It is a poison that disintegrates friendships and breaks up pleasant relations. It is a thorn that irritates and hurts; it is a sword that kills.".. Buddha

    by sebastianguy99 on Thu Mar 28, 2013 at 12:24:54 PM PDT

    •  Of course that can also be stated quite calmly (1+ / 0-)
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      With a capped 21 million bitcoins in existence any increase in the number of punters buying, using and trading via bitcoin will tend to drive up the price per coin.

      Add to that the Business Week article to which Catte Nappe links- and you have a scenario for rapid spiking in the value of an alternative currency.

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