I know I have discussed the bitcoin before but I am prompted to do so again. I have always looked at the bitcoin as a scheme to make some people a pile of money at the expense of most other consumers. And I still see its demise somewhere down the line. Yesterday, the bitcoin made the news again when the Japan-based MtGox, the biggest Bitcoin exchange outside China, halted outside transfers from its clients' bitcoin wallets. They attribute this to a tech glitch but I suspect there is more to it than meets the eye. I try to read as much as I can about the bitcoin and continue to harbor doubts as to its legitimacy. Even some major review sites have stopped reporting on it......(see http://www.dailyforex.com/forex-technical-analysis/bitcoin-forecast/page-1)
Can we continue to view the bitcoin as a legitimate currency worthy of being traded on the forex markets?
Can we continue to view the bitcoin as a legitimate currency worthy of being traded on the forex markets?
