Thursday
I am asked regularly for my opinion on bitcoin etc. Even two of my sons have recently expressed interest. I understand the thrill of a speculation that is going through the roof, but I also understand the danger. It is a speculation, not an investment. A speculation requires a bigger fool and in a world of peak stupid that has been a good bet. But when the world runs out of bigger fools, you will need to be holding Gold (or silver) not bitcoin.
It is not possible to make a comparison between Gold and bitcoin. One has the characteristic of being a store of stable value over time, the basis of money, and the other is a figment of the same sort of immature minds that imagine fairies and witches galloping around on unicorns.
One is real money, one is just a mass delusion. A mass delusion based on clever technology, but a mass delusion nevertheless.
Try to think clearly.
These times are the most dangerous since 476AD.
Woolly, wishy-hopey thinking won’t help your chances of survival.
