Quote:
Originally Posted by MrFlorida
Never trusted Bitcoin, glad I didn't get sucked into it.
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I read a lot. Recently I've realized it is sort of foolish to read a lot, expect, no DEMAND, that it fits together AND MAKES SENSE.
According to ME, bitcoin is another MASS INSANITY. Nothing new. It is the same as the tulip bulb Ponzi Scheme of 300 years ago. Aside, even churches got involved in buying and selling Tulip Bulbs. Some did make money. Some lost. Read. No one knows who created bitcoin. There are suspicions but no answers. For honest folks it is claimed to be a storage of value. HUH, it often changes in value by 6% PLUS in one day. Tulip bulbs did the same. Bitcoins value is quoted against the dollar. Many, including me, point out that the dollar is no longer backed by silver and gold. It says based on the full faith and credit of the United States-perhaps, of shrinking value.
BITCOIN is based on NOTHING except that some people THINK it has value.
As far as reading and conflicts. We are told you can't time the market. I read that so it must be true. HUH? For both BITCOIN and Tesler or any other stock or investment.
IF, you bought at the right time and sold at the right time-YOU MADE MONEY.
I also find it interesting in reading. There are tons of articles that it is a good time to BUY few if any that it is a good time to SELL.