Securities times front page commentary: bitcoin virtual currency speculation plunge exposed Ponzi nature

E news, securities times front page published an article that, in fact, bitcoin and other virtual currencies are not even a bubble, because this is just a digital virtual currency code no practical meaning, will not have any real value, investors buy just hope the next offer man will pay a higher cost, the so-called income mainly comes from the spread, and this is just a Ponzi scheme of wealth transfer only, because this speculative game need to have unceasingly successor to continue playing, once the collapse of investor confidence stop admission, the game will be hard to continue, all virtual currency will return to its original value: zero. (Securities Times)

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