Do any financial gurus have an investment opinion on both bitcoin and Facebook’s Libra launch?
“Do any financial gurus have an investment opinion on both bitcoin and Facebook’s Libra launch?”
bitcoin is fundamentally a scam, has no intrinsic value, lacks almost all of the properties of a currency, and in terms of “investing”, it’s nothing more than a speculative vehicle ...
Warren Buffet regards cryptocurrencies as a racket.
I don't like Libra because it's tied to a manipulated fiat currency monopoly, it's owned/controlled by a mega corp., which is in the news for its attempts to manipulate public opinion and that of our elected "representatives", and so forth. That said, I'm considering XRP for its banking connections. I regret not investing in DASH.
Crypto is a phenomenal play for day-traders. This from someone who has also day-traded commodities and stocks. It's hard, stressful work, and I recommend going for the long haul with for those who are around the average age of those who are on FR. There are some great day-trading tools available for for those inclined to do so, however.
I recommend only investing what you can afford to lose and only what keeps it fun. If you find yourself stressing over the amount of money you have accumulated, take some off the table and put it into something else, which is what I do.
I keep it to the top ten cryptos, though I sometimes will buy a rising star, usually to get burned, except for bottom feeding on Bytecoin, which has done well for me.
As always, don't put all of your eggs in one basket and make sure all of the other essentials are covered first and good luck!
It’s generally unwise to solicit input from FR for intelligent insights about bitcoin, as a substantial majority cannot even give an adequate definition of “money” and how it is different from “currency” and are too lazy and/or biased to deep-dive into it, to understand how this internet protocol can revolutionize the world.
https://www.lopp.net/bitcoin-information.html
As long as the bigger fool shows up to buy it for more than you spent on it, you’ll be fine... but eventually the bigger fools stop showing up. BC was trading for 3k just a few weeks back... now its way higher... but no one can offer you any solid reason why.....
Crypto is literally no different than plunking your money down at the roulette table.. Sooner or later, the house will win.