WARNING: Don't Trust Your Nest Egg To Bitcoin.

Bitcoin, blockchain and nest eggs.

With all the talk in the media about Bitcoin lately I thought I should caution you against jumping in and placing too much of your hard earned cash into something so risky. Bitcoin is HIGHLY SPECULATIVE at this evolutionary period of its development. There may be big money to be made, but then again, you could lose it all overnight if it all collapses. Like any other risky investment, only chance as much as you can afford to lose. If you have some extra cash lying around and want to gamble, the Globe and Mail has a good article today on buying Bitcoin. CLICK HERE to read how.

If you would like to follow world-wide media about Bitcoin and read tons of articles about it you can CLICK HERE.  But remember - don't believe everything you read in the paper!

If you look to the right hand side of my blog page, you can check the current price of Bitcoin every day.

UPDATE JUNE 24:

---

Bitcoin firm boss says 'ordinary people' should not invest in digital currency – yet

Tuesday, 24 June, 2014, 4:01pm

News›Hong Kong

bitcoin

Danny Lee danny.lee@scmp.com

The head of one of China's largest bitcoin businesses says virtual money faces decade of volatility, ahead of conference in Hong Kong

The digital currency bitcoin faces up to a decade of price volatility, meaning “ordinary people” should not invest in it yet, the head of one of China’s largest bitcoin businesses has warned.

Ahead of Hong Kong’s first bitcoin conference which starts on Tuesday, BTC China chief executive Bobby Lee told an audience at the Asia Society on Monday that investors should not buy bitcoin unless they are prepared for wild swings in its value.

Lee warned: “The ordinary person should not buy bitcoin. It’s too early [in its development].
“It’s going to be so volatile over the next five or 10 years,” said Lee, a former e-commerce executive at Walmart China.

“If you’re not up for volatility risk, you shouldn’t own or buy bitcoin.”

A crackdown on bitcoin by the People’s Bank of China has seen Hong Kong emerge as a possible haven for bitcoin businesses.

The price of a bitcoin has fluctuated greatly in the past 12 months.
For a brief period in November the controversial virtual currency was worth more than an ounce of gold per bitcoin. Its value peaked at US$1,242 per bitcoin, but that price tumbled to just US$360 per bitcoin last April.

One bitcoin is currently worth US$585.

“If you believe in the internet, if you believe that technologies can improve lives, if you believe bitcoin technologies [are] fundamentally revolutionary and you want to make a bet, then [invest] a small amount of savings and see what happens,” he said.

.
.
.