Quote:
Originally Posted by Catalina36
Right now is not the time to buy into cyber currency. As others have noted it has no transparency. It can and will most likely go down suddenly without any reason. Look at the history and chart of Bitcoin. At least when buying a company stock you most likely will not lose the majority of your investment. Look at AT&T symbol T, much room to grow to meet past value and paying a really nice dividend of 7.4%
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Dude! That's bad financial advice. AT&T has something like 70 billion (yes billion) in debt. Just like GE, someday soon it will struggle to simply meet its interest payments. Right now, its trying to sell Direct TV just to reduce its debt load. 2 years ago, its stock price was in the 40 +/- range and today its below 30 and still slowly falling.
Yes, bitcoin is volatile but like gold and silver, central banks can't create more with the result being the destruction of its value. The limited supply of cryptos doesn't allow that to happen. Square and PayPal both allow you to easily purchase cryptos now. Easy and safe to do. As more and more merchants begin to accept it, it's value is only going up as the value of our dollars goes down.
I use to say (only half humorously) I'm investing in safe haven goods like gold, silver, canned goods and ammunition. In today's age, I have to add cryptos to that saying......