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Bitcoin bandwagon.........

Anyone jumped on the Bitcoin band wagon? Worth under 2K a few months ago and now over 12k ATM. I don't really understand the technology behind it all but looks the fastest growing investment at present.
Around four to five years ago i was doing a eicr in a commercial office property and one of the tennants had bitcoin miners... He was a crazy science bloke and really pushed me to invest in some small miners of my own and insisted this would happen... I nevet did and my guess is he is a very wealthy man now... He was also running them for the welsh government who were trialing it... Im a xxxx
 
Beware the Bitcoin piramid type scam.
The bubble is about to burst and lots of people are going to get burnt, but a few are going to come out of it very well.
A friend of mine has just sold his stash for this reason.
 
Went down a few weekends ago to where it is now, went back up to around 15k and now has dropped of again. I would bet it jumps back up after Christmas.
 
Small update - Chinese have spotted the flaws,one of which,is the massive waste of energy,and are shutting supplies down to known "mining servers" :eek:
 
There are loads of other crypto coins out there. A couple of my friends invested in iota a while back and made very nice returns.I have iota currently and hoping it takes off again this year. The amount of different crypto coins available now is huge.

Buying them is a big of s ball ache though. It's all a gamble really.
 
A little update - i see Lloyds,Virgin,Bank of Scotland.MBNA and a host of other financial and government bodies,are coming late to the party,of seeing the risk and lack of intrinsic value,of this grenade.

I'm thinking of listing my own currency,based on the height of the unicycle,one can ride...and the number of cactus plants one owns...

Anyone want in? :)
 
Anyone watch Panorama? ...turns out Jordan Belfort shares my view on this matter...now i'm worried...:)
 
Dropped to its knees at £ 4, 000 on Feb 6th :( :(:(:(
Currently still rising at £ 6, 100 on Feb 13th :handok::)

Bitcoin is fighting back :fist:
The value of my coins are on one big roller coaster
 

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