Thread: Investing 102
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Old 12-08-2014, 06:03 PM
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GregWeld GregWeld is offline
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Anyone in here still playing with BITCOIN?? I see today it's down to $364 USD.... that's a long hard downward slope from people talking about it being $1000 plus per coin.

My point here.... Most of you had already forgotten the name of the thing... and had I not brought it up here - you would have. OUT OF THE NEWS -- The Talking Heads on CNBC quit mentioning it... the clerk at the store quit talking about it. DONE. GONE. Bubble popped.

Not the kind of "investment" where I want to put my money. Lucky for me - I've lived long enough to have seen many of these kinds of "investments" come and go. My job is to have you guys (and gals) all watch this and learn from it. Better to learn from the sidelines rather than the far harder lesson of losing your money.

Oh sure - there's money to be made "while it lasts" - on the way up - and the mania that ensues.... just like people made money flipping houses. The problem is they lose it all because people don't get out at the top. Most likely they finally got IN at the top...
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