Yeah, last year when my 76 year old mother asked me about bitcoin, I knew the bubble was about to pop. I've never been a bitcoin gambler myself, and I told my mom to stay the hell away as well. That continues to be my advice.
I still think it looks like a big well-constructed scam designed to pull vast amounts of money from starry-eyed naive people and transfer it to a very small number of sharks.
that is not a reliable indicator though. I remember a lot of non-tech people talking about bitcoin in 2013. Even at $100-250/coin it was getting a lot of media coverage.
I still think it looks like a big well-constructed scam designed to pull vast amounts of money from starry-eyed naive people and transfer it to a very small number of sharks.