It's not a scam, it's a bit like religion. The younger generation seems to think they have conned onto a new technology that the older investors don't understand. Arrogance and bravado are part of being young, and so is inexperience. The facts are these: bitcoin has no long term history, therefore all opinions are based on speculation. bitcoin effectively does no exist, therefore it has no material use. Bitcoin is not sanctioned by the government, therefore if the government chooses to shut it down, they will. The argument that the government has no control over bitcoin is false, the government makes the laws, and if you break them you go to jail. Bitcoin has no yield, and it creates no income, it is totally reliant on a bigger fool paying more than the last fool. You can yell all you like with your CAPITAL LETTERS, but it does not cloud the truth. You are so invested and adsorbed in your belief that you have closed your eyes to the truth. Seriously, if you hold bitcoin you better be prepared to lose all of your investment.
