Bitcoin investment

Mar 25, 2021 16 Comments

Hello Tech People,

I am thinking to over invest in bitcoin, but i see it is going down to 52k since yesterday, do you think bitcoin is a good investment or is it just a bubble and will go away pretty soon?

##personalfinance #investments

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  • Grab
    brycecanyo

    Go to company page Grab

    brycecanyo
    They say that so that a new sucker can buy the btc they want to sell
    Mar 25, 2021 0
  • Amazon
    Jassy Andy

    Go to company page Amazon

    Jassy Andy
    Super risky. Don’t buy any BTC unless you afford to lose your entire investment.
    Mar 25, 2021 3
  • Samsung
    Automaton

    Go to company page Samsung

    Automaton
    Everyone in the media says BTC will reach $100K or $300K. What worries me is the launch of Bitcoin derivatives not tied to BTC. For example, if you take gold or crude futures, physical delivery is mandatory unless you close the contract ahead of time. With BTC futures, it’s cash settled and I think it will be subject to manipulation. There is a benefit to tying derivatives to delivery of underlying as it brings in price stability and arbitrage opportunities. If it’s decoupled, anything goes.

    This means prices can be artificially inflated or depressed for years. I would say it’s not a good idea to invest in something that has 1) No utility 2) Not a unit of value 3) fictitious and subject to manipulation. 4) Illiquid from the point of limits on number of transactions possible. When I think about Bitcoin transaction capacity, I imagine a large theatre with one door. When prices collapse, it will be violent.
    Mar 25, 2021 2
  • Google
    PHxi13

    Go to company page Google

    PHxi13
    It's not an investment, it's a speculation.
    A simple litmus test is if you can derive some estimate of the price in the future without any reference to the current price. With equities, you can. With Bitcoin, you can not.
    Mar 26, 2021 2
  • Grab
    brycecanyo

    Go to company page Grab

    brycecanyo
    Precisely! All those bitcoin gurus have vested interest to promote bitcoin so that you are the next sucker to buy it from them. If I have bought 100k of bitcoin, I will also be telling everyone how great bitcoin is. Unfortunately for me, I am not unscrupulous like them.
    Mar 26, 2021 0