What I Found
Bitcoin has made some people a lot of money, but I do not invest in things I cannot personally understand, believe.
A lot of people have made real money riding the Bitcoin trade. I understand why that gets attention, and I understand why people are curious about cryptocurrency as an investment.
My quick answer is that I do not treat Bitcoin as an investment for myself. I see it as something people may trade, speculate on, or use for very specific reasons, but it is not something I would personally put my money behind.
What this video covers
- Investing Versus Trading
- Why Bitcoin Does Not Fit My Standard
- Fads, Speculation, and Market Momentum
- Where I Understand the Other Side
- The Question I Come Back To
The short version
My quick answer is that I do not treat Bitcoin as an investment for myself. I see it as something people may trade, speculate on, or use for very specific reasons, but it is not something I would personally put my money behind.
