Bitcoin is zero sum speculation, not an investment.

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Jan 22, 2021
3:01:02pm

Defenestrator All-American

Bitcoin is zero sum speculation, not an investment.

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Defenestrator

Bio page: Defenestrator
Joined: Dec 2, 2008
Last login: Jun 6, 2024
Total posts: 9,154 (2,295 FO)

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Messages

Author

Time

Just been advised to invest in Bitcoin but I don't know much about it

Sale

1/22/21 2:55pm

Not right now. Wait a couple months.

Mike Honcho

1/22/21 2:56pm

Wouldn't try and time it. Just DCA what you are comfortable with.

rommeliv

1/22/21 2:56pm

I don't think you should invest in anything you don't understand

Hawk Talons

1/22/21 2:56pm

Then nobody should ever invest in anything.

RdF3

1/22/21 2:59pm

Agree, but that doesn't mean DYOR is a bad idea

donnerstag

1/22/21 3:05pm

It’s speculative, not investing in my opinion. You will either see a

1/22/21 2:57pm

My favorite thing is when people say I want to secure my money can I invest in

Cougz19

1/22/21 3:00pm

You only lose money if you sell at a loss

donnerstag

1/22/21 3:03pm

True, but what if you buy at a price point that it never returns to?

1/22/21 3:11pm

There's a chance with any investment that happens

donnerstag

1/22/21 3:17pm

Bitcoin is zero sum speculation, not an investment.

1/22/21 3:01pm

A pump and dump. The greater fool game.

grosven

1/22/21 3:32pm

Maybe so, but institutional acceptance is growing. It's only a matter of time until there is a Bitcoin ETF in America.

No touching

1/22/21 3:41pm

Some advisers will say put 1% of your portfolio into it for diversification

donnerstag

1/22/21 3:01pm

RE: Just been advised to invest in Bitcoin but I don't know much about it

1/22/21 4:24pm

Extremely high risk & speculation. That’s gambling, not investing.

1/22/21 4:50pm

Do it...

CougarBuddy

1/23/21 3:26pm

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