Bit - join

From a low of $5000 at the beginning of May to a massive 60% jump only 15 day later, Bitcoin is once again displaying the its DNA as a hype stock.

The entire premise behind Bitcoins value is whether or not there is some one willing to pay slightly more for it tomorrow, and whether or not there are millions of those someones.

There is no asset value, there is no exit strategy or growth trajectory. And its probably the only stock that requires belief rather than a fixed assert register and management account evaluation. Bitcoin is a fluid. But perhaps in that is the value? Perhaps this is why it is a unique commodity that defies government and bank intervention, as is can not be manipulated.

There is no one to call and no possibility of knowing its next move. Its the swarm effect.

You either believe in the Coin or you don't. You either believe in its value or you don't.

Amore Legere

Konrad Bryczkowski