Posted on 03/14/2014 7:44:19 AM PDT by Errant
Remember the internet in 1996, everyone kinda knew what it was about. It was something big, new, and vast—but what exactly it did for you was unclear. Bitcoin is in a similar state: It’s fairly new, unclear, and holds enormous promise just like the early Internet. The only difference is you can actually buy a piece of the Bitcoin network.
This article is for the professional that has a reasonable savings (whatever that means to you) and at least a basic understanding of investing. You may likely invest in stocks, bonds, real estate, your own business, and many other things. You should also invest 5% of your portfolio in Bitcoin.
(Excerpt) Read more at bitcoinvista.com ...
You and me both.
Hope springs eternal...
The first few to get in and get out will make their fortunes. The average man on the street, particularly those who consider themselves savvy, will be left holding the empty bag.
Even the oxymoron ‘mortgage backed securities’ had a 50 / 50 chance. A mortgage is an outstanding liability, not a security, and yet every investor worldwide fell for that one. But at least the possibility remained that the mortgage, which represented an actual physical thing, would be paid.
Bitcoin represents an attempt to create something from nothing. Wasn’t it P. T. Barnum who said ‘There’s a sucker born every minute...” ?
This is an attempt to get 5% of investor’s money, because those looking to diversify their holdings will think “ Roll the dice, it’s only 5% of my total...”.
Absolutely and successful and designed for future success.
I disagree with that chart. Oil, gold, bitcoin are not investments, they are commodities held for trading purposes. When I buy my bitcoin (0.1% of my portfolio) it is for diversity, testing the software, possible small future purchases that can’t be done any other way, etc. Not an “investment” in any sense.
What backs Bitcoin?
Who runs it?
Have they replaced the CEO who just committed suicide? With whom?
No, it is NOT like the early internet; more like the early dot com bubble.
Speaking of bubbles I consider the current stock market to be in one also. I’m almost all out of it just waiting for the crash so I can move in and pick up the pieces I like.
Does this mean I should sell carbon credits and buy bitcoins? so confused....
For about twenty years I invested all my money in houses and lots. Whore houses and lots of whisky. I think Bitcoin has the potential to show a better return.
LOL! Hope you didn’t get an “unwanted ROI” at the former.
Investment has different meanings in finance and economics.
In economics, investment is the accumulation of newly produced physical entities, such as factories, machinery, houses, and goods inventories.
In finance, investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings.
https://en.wikipedia.org/wiki/Investment
Asset: In financial accounting, an asset is an economic resource. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
Yes, impressive chart with impressive returns. Isn’t that how Bernie Madoff did it, offering gigantic, impossibly huge returns?
People always want to believe in something for nothing, that somehow they got it figured out, that they’re on the inside track, one of the special folks. Then comes the Day of Reckoning, and all those special folks looking for tall buildings to jump off of, wondering where it all went wrong. Something for nothing is the oldest scam in the world, and it works every time.
While I can't guarantee you that it won't fall on its face tomorrow, I can assure you that it's most definitely not something for nothing.
5% seems a bit conservative for me but I’ve always had a higher risk tolerance than most.The reward on this one is simply way to attractive.
I am amazed, obviously the folks that come on here and espouse this tulip bulb , ponzie scheme nonsense haven’t done any research.
How can you watch the most rapid adoption of any technology in the history of the human race and enunciate such ignorance? This is just “ bag of hammers” stupid.
Bitcoin adoption is accelerating at blinding speed in every country and every continent on the globe. It is breathtaking to witness.
Everyone's risk tolerance is as unique as the individual. It depends upon many things, (e.g., age, skills, financial stability, health, current responsibilities, income, etc.). In my case, 5% of assets or greater in something as new as crypto currency would become a little worrisome.
But to each his own... ;)
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