Bitcoin - No Intrinsic Value...................from Rico

If you cannot lose with dignity, then you should not have played in the first place.

- Bitcoin is a speculation, not an investment.

 

Those who bought Bitcoin above $10,000 to join the race to $20,000 cannot be happy campers with the price at $7,000 and headed towards zero.

- Buckle up, there are more losses to come.

 

Bitcoin is an interesting phenomenon, but it is a 'managed' [read: controlled] one.

- Bitcoin is not going to replace the USD anytime soon.

- And it is NOT going to $1 Million, either.

 

I think, along with Roubini, that Bitcoin has no intrinsic value.

- Tulips for all my friends!