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Bitcoin = Bit Con?

I have not made up my mind yet. I must admit to being curious. I have some genuine questions.
Is it too good to be true?
Is it just for criminals and thugs?
When will the bubble burst?
Does it automatically make you an enemy of the state?
What is the worst that could happen?
Will someone ever decipher the code, and if so, what then?
If we woke up tomorrow and it was just not there, what would happen?
I want to know your genuine thoughts, the latest quote I heard on 4-Jan-2018 was about [b]$14,000 USD for one Bitcoin.[/b]
I am learning as I go. To the best of my knowledge the banks refuse to have anything to do with it saying that Bitcoin is unregulated. But that claim is not true is it?[b] It is not regulated by the banks or the government but it is regulated by the investor/user. [/b]It looks like a completely free market or am I dreaming? If you respond to this post, please say a bit more than yay or nay. I want to know the reason for your choice.
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Killroy59 · 61-69, M
It is not a scam , you can use it to buy and trade on line , and yes criminals use it to hide their money. You can also sell back your shares and get the paper money deposited into your account. If I was you I would not buy now because it’s very costly at the moment . Last time I checked a few months ago it was €600 per coin I did not know it went up to $1400 per coin . I have young friends who whole lives deal in the Internet . From food shopping to holidays and pay with bitcoins . More and more companies who sell on line are accepting bitcoins as payment .
Best of luck in your investment . Ps in paper money their is not enough gold in banks to account for all the paper money in the world , we just trade paper now .
Joe
will999 · 70-79, M
@Killroy59 That's $14,000 USD for one Bitcoin today 4-Jan-2018, which is something like $18,000 Australian. The banks worldwide nearly went belly- up in 2007 because people lost confidence in them. What is to stop Bitcoin reaching a million $US? As long as people are free to trade they are free to cash it in, but plenty are choosing not to. I'm not recommending you buy it but the question remains, what is to stop Bitcoin reaching a million $US?
Killroy59 · 61-69, M
Nothing just like paper money !