When people invest in something without
fully understanding why it has value, that causes bubbles to happen.
They see it go up in price and decide that they want in on it no
matter what it is: tulip bulbs, tech stocks, Beanie Babies, etc. But
if expectation of an increase in value is the only reason why people
are buying an asset, there will come a point where the price reaches
it′s peak and some speculators sell to take a profit. Then a lot of
investors sell to cut their losses.
Right now, people are taking out
mortgages and using credit cards to buy Bitcoin. It′s foolish to
invest with money that you don′t have. This can have a huge and
unfortunate ripple effect. When Bitcoin goes down in value, people
will have all that debt with nothing to show for it. Watch for banks
to use all those bad loans as a pretext for asking for another
bailout. This is the kind of stupidity that causes recessions. Banks
should not grant loans to morons.
If you own Bitcoin right now, sell it.
Remember the mantra of ″Buy low, sell high.″ Gold is doing poorly
low right now, so consider buying that. The worst time to buy gold is
when you see TV ads encouraging you to buy it. Don′t buy it when
everyone else is buying it. Buy it when everyone is selling it.
EDIT: I was asked what date this would happen by. I'm going with June 30th, 2018.
EDIT: I was asked what date this would happen by. I'm going with June 30th, 2018.
John McAfee, a man who built a fortune in tech, is so sure you are wrong, he's willing to eat his own manhood.
ReplyDeleteHow sure are you?
https://www.rt.com/news/411379-john-mcafee-bitcoin-prediction/
ReplyDeleteI believe that McAfee is prepared to eat his own penis. An important rule of investing is to never risk anything that you can't afford to lose.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteHello friend, I am so glad to read your blog. Exceptional blog that I have ever read. Keep sharing this kind of information to users.
ReplyDeleteThey have altogether fitted level in private and kind territory where they treat their folks to a wonderful time and guarantee you demand for a greater amount of their service. They offer in-get and out-calls.
ReplyDeleteBangalore Escorts
Independent Escorts in Bangalore
Escorts Service in Bangalore
Escorts in Bangalore
Call Girls in Bangalore