Why BitCoin is not a ponzi, a scam or a hype

[italkcash]

Despite the fact that a number of people now looks on BitCoin as being a short term/mid term rally towards its demise only shows that BitCoin is here to stay.

Every single day millions of people read, debate and speculate in stocks, commodities bonds, derivates and of course currency. At the end of the day the pricing of each of the items that people speculate in are those that gets the highest rally, which is based by a number of factors such as:

• Hype
• Market sentiment
• Supply/Demand

The story for BitCoin is going to be the same. At times people will flock to BitCoin, and at other times people will sell BitCoins. Right now at the time of this post people are moving toward BitCoins, simply because everyone is doing the same. Now lets look at how each product can be justified:

Stocks: A share in a company usually offers a dividend or it offers a countermeasure to the interest you can get for holding cash

Bond: A bond usually offers a non volatile investment for securing your currency.

Commodity: In the case of gold, we have seen rally after rally the past many years. Despite doctor doom's and critics gold still has its rally days and its still going strong.

Derivate: For the more speculative people, a derivate is a great way to make quick capital gains without speculating in dividends, but just purely speculating on fluctuations.

FX: Currencies are the big money movers. Billions are traded each day, and currencies are both bulls and bears.

BitCoin: Why should/would BitCoin ever differ from any of the aspects in the above mentioned speculated products. It offers something none of the above has, and it offers insecurity as all of the above have. Shortly said, BitCoin is justified as a speculative product just as any other speculated product, we just happen to be in the rally season at the moment.

[Culpepper]

Hi, the info is shocking. Actually, what the reason may be
behind this scene. Actually, it seems to be very strange that a
Bitcoin worth 30 USD.

I think that there may be some import export issue but I wanna
know the exact reason. The High rate of bicoin is appreciative.
regards