Quote:
Originally Posted by Tony_SS
Anyone looked at Bitcoin lately? $762 each!
The boom came after the US govt officially gave it its blessing and said they would not be regulating it. Crazy.
Unless there is some sort of massive conspiracy going on, I think it has proven itself in the market. $100 was a bargain not long ago!
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Do you remember when GOLD was "going to $2,000 an ounce?? I do… was just a few months ago…
The problem is not things going UP -- the problem is when the chi t hits the fan and things go DOWN and they go down far faster than they go up!
I have no problems with someone that wants to buy BitCoins -- or buy FaceBook - or whatever else they want to buy. But for INVESTING 102 -- there are appropriate investments or not appropriate investments… Lots of people made great money flipping houses -- lots of my friends got very rich during the "dot com" era… I personally got rich in "tech" -- a couple of times. But like I always say --- better lucky than smart. You (anyone) are lucky if they can catch a wave - ride it - and get off and ride into the sunset. MOST DO NOT… they catch the wave and it slams their ass on the beach.
If someone has plenty of extra money (whatever level that is for each person) and wants to play with this kind of stuff -- GREAT! But for MOST it's not appropriate and once burned they're twice shy and then they get to retirement age and have zippola.
This thread is about how to lift people off their asses and have them actually have a nice retirement.