Most Bitcoin Trading Faked by Unregulated Exchanges

I never did think Bitcoin was a good idea. Never mined a single coin, never invested a penny. It’s fake money, entirely speculative. Just like the US dollar, only worth what we all agree it’s worth. And nobody can agree what bitcoin is worth, so, in other words, it’s worthless.

Nearly 95% of all reported trading in bitcoin is artificially created by unregulated exchanges, a new study concludes, raising fresh doubts about the nascent market following a steep decline in prices over the past year.

Source: Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds – WSJ