The Bitcoin Bubble and How To Short Bitcoins

Thanks to Sheeple: People unable to think for themselves…I had to re-blog this jsut due to the irony of the name. (As well as the great article)

Sheeple: People unable to think for themselves

Bitcoin is a powerful, game-changing crypto currency that may literally change the world. It’s a huge threat to centralized banks and government currency controls because it’s entirely decentralized, anonymous and virtually impossible to track. Bitcoin is the “underground railroad” of money, and it has an important role to play in the epic battle between liberty vs. slavery.

But because bitcoin is a currency whose value is based on the psychology of human beings, it is subject to booms and busts. Bitcoin has enjoyed a meteoric rise from roughly $20 per bitcoin in February to almost $200 per bitcoin today. (Yes, nearly a 1000% return in less than two months.) This has happened for several reasons, but primarily because the Cypriot bank thefts taught people that “money in the bank” isn’t any safer than money anywhere else. So why not invest in a crypto-currency that can’t be stolen by the…

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2 thoughts on “The Bitcoin Bubble and How To Short Bitcoins

  1. Pingback: Bitcoin – Short positions now | Diego Picks

  2. Pingback: Bitcoin – Short positions now | Diego's Investing Picks

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