What is BITCOIN
One day a merchant came to the village to buy monkeys! He announced that he will buy the monkeys @ $100 each. Villagers thought how can somebody buy stray monkeys at $100 each? Still, some people caught some monkeys and gave it to this merchant. This news spread and people caught monkeys and sold it to the merchant.
Then, merchant announced that he will buy monkeys @ 200 each. Then villagers also sold the remaining monkeys @ 200 each. Then merchant announced he will buy @ 500 each! They caught six or seven monkeys, which was all that was left and got 500 each.
Then merchant announced he will buy monkeys @ 1000 each! Villagers were very sad as there were no more monkeys left for them to sell. Then merchant's employee told them that he will sell some monkeys @ 700 each secretly so that villagers make 300. Rich bought monkeys in big lots. Poor also borrowed money and bought.
Villagers waited for the merchant to return. But nobody came! Then ran to the employee. But he was missing too ! Villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them!
Bitcoin will be the next monkey business. It will make lot of people bankrupt and few people filthy rich in this monkey business.
That's how it will work !