What do you think of article about bitcoin dumb investment

MMM typically suggests going long in index funds, not bonds. Why Bitcoin and not another coin? Woodser February 19, , am. Vijay, what MMM is saying is that cryptocurrencies like Bitcoin cannot presently operate as currencies. Speculating on bitcoin for this reason only really works so long as there is some new greater fool who joins in on the speculation after you have bought.

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Well, shit. It has reached the point that a big percentage of stories in the financial news and questions in Mr. These are all things that people have bought in the past, and driven to completely irrational prices, not because they did anything useful or produced any money and value to society, but solely because they thought they would be able to sell them to someone else for more in the future. Even if you win some money through dumb luck, you have lost some time and life energy, which means you have lost. Noticed this ad on the corner of a website recently … because we ALL need daily updates on an obscure piece of niche software technology!

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Look up ethereum and Eos and read deeply on how fundamental this decentralised future beholds. JeffD January 3,pm. Who wants to sacrifice to earn financial freedom when you can just invest in Bitcoin and achieve the same in less than a year. It is too inefficient to scale to become a global currency, too volatile to be practical as a global currency, and there is a cap to how many bitcoins can be investmwnt therefore no reason to ever spend your bitcoin. You WILL be wrong. Start or have a company that abokt and sells something people actually buy. Putting blind faith in What do you think of article about bitcoin dumb investment backed currency because Uncle Sam said it is worth something, is a thing of the past. That is true even if there is no earning growth, and keep in mind that yoh earnings growth is actually expected. Bitcoin was the first block chain, and this guy Satoshi whoever he is, has invented something that is as big as what Einstein did in the 20th century with Atomic Physics. There are no financial instruments that will protect you from a world where we no longer trust each. Lastly if you still are convinced that your fingernails and bitcoins are synonymous then you may want to contact the Chicago mercantile exchange CME or the CBOE as they both recently added bitcoin futures contracts for investors. Andreas January 22,am. The government has done some sickening things to ensure the wealthy and powerful stay wealthy and powerful. And nothing that can go on forever, does. Hence, he advocates value investing not speculation. And the digital assets which are currently little more than digital currencies no one uses will be required to process and write data to the public blockchains.