Page 36 - Dan Morehead News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Out just in time. this is what happened with the dot com boom. grandma, grandpa lost their life savings. history is repeating itself. >> dan, respond. >> i did read your piece on the way to the studio, it said "it's time to move on, bitcoin will soon go the way of myspace and pets.com." i would say there is a chance, i'm a trader, i can never be sure of anything as you are as a writer, but when that piece was written, that was two years ago, and since then $100,000 in bitcoin would be worth $4.5 million. there's certainly going to be some volatility going forward, but the point is, asymmetric ...

You lose a password, lost everything, no way of getting it back, no bank, no government to protect you. that's what this thing is. again, these people saying trust me. the value is going to keep going up, when they know it's going to crash in burn. it's january, people are going to buy it and then they crash as it goes to zero and people lose their life savings. don't do it, get out of it rather than losing everything you have. yes, the price might increase, but more likely it's going to be zero before you know it. >> dan, you get the final word. go ahead. >> yeah, i'd say when people call it ...

You have a paypal director talking about it going to a million dollars, you know, a coin, which is ridiculous. so we have these scamsters basically hyping the heck out of it while all it's being used for is for illegal money laundering. yes, it's being used for sending money across borders when you have corrupt officials in, you know, crooked countries sending it over to their bank accounts and so on. it's being used for crime and used for speculation. it died as a digital currency. if you want to look at digital currency, go to china and india. there's a digital currency based on years ahead ...