Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.
http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp
http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp
Thx FINRA. We were all unaware that bitcoin is a speculative investment.
Everyone here are also aware that most of the bitcoins are owned by anonymous people, who in all probability and considering the history, are drug dealers, computer crackers or confidence man. By trusting your wealth in bitcoin, you are trusting that this criminal element won't dump their coins to acquire your wealth as their own.
Bitcooins are EVIIIIIIIIl, evil i tell you!
Witches and goblins own bitcoins, they are the spawn of the devil himself!
Gees, could you get anymore melodramatic? Most of the early anonymous people are nothing like you think ... the criminal element was late to the party and looks like the real criminals, wall st., regulators and others are just showing up now ... you're arriving in the best company it seems.
How's those sour grapes working out for ya? I heard they play hell on the gutz if you keep scoffing them, ulcers, IBS, all of that ...
Bitcoins are owned by evil people? Well if we want to get philosophical about it, we all are sinners so I guess it could be true.
But Bitcoin, like cash, can be used for good or evil in the world and I like to think it is less evil than the bankers and governments that control our money now.