Bitcoin has really tanked over the last several months. Now down to $70K from a high of $125K a few months ago. I personally don’t own any directly. I have some indirectly because some stocks I am invested in has some exposure.
What I am concerned about is broader exposure to the market. I know some of these people have done all kinds of crazy leveraging in the crypto space and seems like these guys are at risk of getting called that could have broader market implications. Anyone a crypto expert on here?
While I could make a lot of money with crpyto, I think back when I could have made a lot of money with beanie babies. Of course, back then, if the beanie baby market crashed, I still had a cute little suffed animal.
We don’t own any bitcoin and don’t own any ETFs that do. We considered it and then said no way. The tulip mania is a fair comparison. I’m waiting for the same thing with pennies.
NOw THAT one is stupid and will only accelerate the “round to the nickle” program since they will be a shortage of pennies. What they don’t realize is that if they have 100$ worth of pennies, when they try to sell them all they might get $80 for them.
Some guy made millons off that when a miillion dollars was really worth something, but nobody in their right mind saw those as an investment.
No, as long as there is someone that believes that at some point they will be able to sell it to someone else for more than they paid for it, that is its only use, it will never be dead.
No, as long as there is someone that believes that at some point they will be able to sell it to someone else for more than they paid for it, that is its only use, it will never be dead.
What does it produce?
And when there is no more of those people then what?
