@legalcanada I'm responding to your post number 28 where you say that Bitcoin is a huge Ponzi scheme. I think it's more like classic tulip mania, but that's a difference without much of a distinction.
It will grow until people get scared and it will suddenly lose all of its value as investors all run for the exits at once. Unlike a widely traded currency, there's nothing to stop them.
These currencies are fundamentally different from national currencies like the US dollar; the $ is backed by the full faith and credit of the Federal Reserve, Bitcoin has no such backing.
National currencies can also be destabilized and manipulated to their own destruction; a recent example was the currency of Zimbabwe. But that's not exactly a solid nation with a low level of corruption.
Occasionally I feel a pang of regret at not having gotten into Bitcoin with a few bucks back in the day, but I'm a fundamentals investor. I think technical investing is just a game of beating the next ripoff artist.
I think that the rise and fall off Bitcoin is a strong leading indicator of economic optimism. It will rise until people think shit is about to hit the fan and then suddenly its value will vanish- to be followed in short order by the sound of economies crashing around the world.
I wish the investors the very best of luck- because that's all they're trading on.