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Splatcoin

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

It was amusing to see how many people – – serious-minded, widely-read people – – were falling all over themselves to see how high a projection they could make for Bitcoin. Of course, $100,000 was virtually within days, according to the investment banks. Honest to God, this thing could be worth $0.00 in five years, or $5 million. It’s anyone’s guess. But, for now, 20% of this lunatic fantasy has vanished in the space of hours.

Oh, and just to mention it one last time for those of you who don’t hang out here on weekends – – if you didn’t read it already, please read my Peanut Butter Manifesto. I am still enjoying and benefitting from the comments!

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