tech

Buoyant bitcoin stirs crypto-bubble fears

5 Comments
By Jemima Kelly

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5 Comments
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Don't write an article if you know nothing about crypto currencies. There are literally 20 things totally wrong with this article. Fact check please!

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@gogogo - can you list the 20 things that you see as being wrong please ?

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Although the number of Bitcoins is limited to 21 million, the number of Bitcoin clones is unlimited. The only "value" any of these cryptocurrencies have is the ability to exchange them for goods, services or other currencies and that ultimately comes down to confidence, or faith, in the currency.

I'm sure that most of these currencies will end up worthless and forgotten and we will be reading about fools who invested their life's savings into them. But, hey, if you want to gamble your money away go right ahead. Just don't come crying to me when it's all gone.

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If the BitCoin itself is soaring in value, then anyone who has in the past used it to buy something, must be now kicking themselves, and those that hold it wont use it for purchases.... thus ending the need to provide Support for online purchases with BitCoin.... thus ending BitCoin ?

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The criminals are using BitCoin and other Cryptocurrency for their business transactions.

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