Bitcoin Boom Bust

Around a month ago, I wrote about the pros and cons of investing in Bitcoins - link here (yes, i am a Fool.sg contributor) :)

One of the key risks I talked about was about the overwhelming chances that it is can be used for fraud or manipulation - like a black market for money laundering.

True enough, just a month plus later, it is going down with one of the biggest exchange shutdown and its founder MIA. Here is the article...

One may wish to exercise caution when moving into such risky ventures; i remember hearing one celebrity buying almost 400K of Bitcoins back when i wrote the previous article. Hope he has cashed out his holdings! And you should too...!