Bali News Views Editor's Comments: Warning one of the biggest selling points on Bitcoin recently has been that they expected Wall Street to market as legitimate investment.
According to this article it looks like Wall Street is reconsidering.
Frankly, I didn't know what they were thinking in the first place. Why would they want to launch a new investment that is up something like a thousand percent this year and recent moves like this week
Bitcoin tops $17,000 on one exchange, surging more than $5,000 in less than two days
Surely they would want to get involved after dropped 40% to 60%.
That is, of course, given the is a viable investment that not driven by a bunch of idiots or first-time investors.
Why is season maturer investors. Our primary not investing, but coin at this point, not because it's not maybe not in a good investment, but because it's been fueled by a bunch of ignorant first-time investors following Facebook advertisements and buying solely on the basis of crowd buying.
Throughout history, there is been examples of this type of buying into the Tulip crisis in the late 1800s when people could buy a business with the Tulip just because everybody was making money on.
Our recent I person was involved in the precious metals, pool men crash in the late 70s when I was young and naïve didn't realize investments would continue to what plagues silver from $5-$15 to $30 and Ashley to $50 when it was manipulated by the Hunt brothers.
I have wiser my older. It needs when I warn people of getting out of real estate in America in 2007 after I realized that women were having house selling parties instead of Tupperware parties and everybody including all the naïve first time this is where investing in homes and flipping them to make money
we also saw the same type scenario with the.com crisis that had the same type of increases and then a massive selloff and decrease.
It's not a matter of if this bit coin and crypto currency fad crashes the matter of when. And after his fallen 40 to 60% and stay down for months to watch the charts and watched the fundamental supply and demand see if professional investors are getting into it before I ever touch it.
Up for debate 4000% on real estate year the last 15 years. Yes, the long hard way, but thousand percent will "wealthy man.
Yes I missed out on Bitcoin but at least I can sleep at night.