Tuesday, 3 April 2018

Bitcoin - No Intrinsic Value...................from Rico

If you cannot lose with dignity, then you should not have played in the first place.
- Bitcoin is a speculation, not an investment.
Those who bought Bitcoin above $10,000 to join the race to $20,000 cannot be happy campers with the price at $7,000 and headed towards zero.
- Buckle up, there are more losses to come.
Bitcoin is an interesting phenomenon, but it is a 'managed' [read: controlled] one.
- Bitcoin is not going to replace the USD anytime soon.
- And it is NOT going to $1 Million, either.
I think, along with Roubini, that Bitcoin has no intrinsic value.
- Tulips for all my friends!

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