Reply to post: Said it before and I'll say it again....

Cryptocurrencies to end in tears, says investor wizard Warren Buffett

NBCanuck

Said it before and I'll say it again....

1) the people who hype Bitcoin have an interest in the price going up, not down so of course they are are telling everyone that they should buy it.

2) Bitcoin has less intrinsic value that Pokemon trading cards and even that bubble popped (but I AM curious to see how far it will go).

3) Money being held in Bitcoin is not good for the economy. It is sitting stagnant and not supporting the building of anything - not helping companies grow and create new jobs and opportunities.

Ok...#3 is not 100% accurate - companies are being created to manage Bitcoin trading and investment.

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