If there’s any evidence required of what a lousy investment Bitcoin is, the fact that its promoters resort to fraud provides it.
Back from Hong Kong and Scotland I found a deluge of letters advising that once again my name was being used to promote this rubbish.
First, Bitcoin is not by any definition an investment. Rather, it’s a speculation based solely on the age‑old bigger fool principle, namely the hope that other mugs will come in and drive up the price.
The major problem with this proposition is that its market comprises dumb buggers and dumbies don’t usually have any money.
DO NOT BUY BITCOIN – IT’S RUBBISH
While its impossible to trace the culprits behind this fraud I’d give long odds on one thing. That is they’re mugs who’ve bought in and are taking a beating.
I’ll say it again.
BITCOIN IS A GARBAGE NON‑INVESTMENT