re: Bitcoin Investing

Basically it's another form of money that has gotten some acceptance. The value skyrocketed mostly because more people use it but it's still too volatile to be an investment vehicle, like others said it's basically gambling just like holding any currency except it fluctuates much more wildly than the euro. But you can use it to buy stuff.

Because bitcoin transactions are supposedly untraceable, it's most popular for people who for whatever reason (legitimate or not) want to do business without being tracked.

I have to laugh at those "fiat money" guys who think it's all going to hell next year. People have been saying that for decades now. And even if it does happen most people don't store their assets in dollars anyway, they use other stuff like stocks, bonds, real estate, etc.