RE: Bitcoin market thoughts

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Bitcoin market thoughts

in crypto •  5 years ago 

No one can predict the future price of any crypto currency. Unlike owning shares in a company, where you at least have a little knowledge of the company's financial status, projected revenues, and so on, you have none of that when you invest in Crypto. In fact, I think that the word investment as it applies to shares in a company, cannot be applied in the same context to crypto. On the contrary. when you put your money in crypto, it is not unlike placing a bet at a local casino. Anything can happen, and often does. "Investing" in crypto is a gamble at best. No one, and I repeat no one, has a clue as to what a certain crypto will be worth tomorrow. Those who claim to know, more than likely have a vested interest in it, and are simply trying to pump the price up so that they can sell once it does rise.

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This applies to every aspect that involves money, profit and lose.
Investing in crypto, or in a company, or even if you invest in your own company(project, or self employed) is always gambling!
The difference is the risk management.

Please don't tell me that you have that much faith in companies share.. I can point out many situations that you are wrong. Not entirely, wrong, but haven't you heard about companies with great financial status have bankrupt to keep your invest money (and the owner has a great time in his/her vecation in Hawaii)
Or stock exchange frauds..
Thank you for your comment. It is a great opportunity for a discussion...