Guard against get-rich-quick greed

Cryptocurrencies are giving us the creeps. Word has spread like wildfire around the world about one such particular digital currency called Bitcoin, and how it has brought fortunes to some global currency market traders and risk-defying investors in a matter of days or weeks. But like any get-rich-quick schemes in the past, the Bitcoin temptation appears to have lured enough people into a bubble that is now threatening to burst big time in the face of greed.

Bitcoin is a form of money in the cyber world that is not tied to any asset or bank or government, but buying and spending it is legal in many countries, including the United States and the Philippines; it may be acquired and spent via the Internet to pay for any purchase transacted online, outside of any bank regulations or the need for a middleman.