Bitcoin Is Making A Splash Is It Safe For Investors To Test The Waters?

You’ve got bitcoin with a market value of $238bn, then Ethereum at $124bn, and so on. Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders. When you make this kind of purchase – which you should never do – you are speculating. You’re playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost.

The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. But a collective insanity http://keeganrhcs883.iamarrows.com/the-north-american-bitcoin-conference has sprouted around the new field of “cryptocurrencies”, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories – and questions in my inbox – ask whether or not to “invest” in BitCoin. Forman survived the volatility of the virtual currency market, including a drop one year after his initial investment. 2nd Market Capital Advisory specializes in the analysis and trading of real estate securities.