THE 'BITCOIN FOR BEGINNERS' SHOW - BITCOIN 12 MONTHS AGO TODAY - IS BITCOIN A BAD INVESTMENT
BITCOIN 12 MONTHS AGO TODAY!
In todays show I talk about the reasons many investors got wrecked, are disillusioned and want no further part in the Bitcoin space.
If we look at the reasons why this happened we quickly learn that the mainstream hype machine convinced many uneducated speculators to buy when Bitcoin was clearly reaching it’s top!!!
Does that make Bitcoin a bad investment? Nope. It simply means that it’s all cyclical and the highs will come around again… and yet again they will crash and the uneducated will once more get wrecked, but more 20%ers will start to learn.
Other factors that will drive the price up over time are the Bitcoin scarcity factor and the general and wider acceptance, coupled with large institutions moving into the space.
My advice - Invest in the future… and NOT just to make a fast buck today, as this technology is changing the world, but it won’t change it overnight!
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The UK Bitcoin Master conducts Bitcoin consultations chargeable in Bitcoin at 0.05 BTC for up to an hour using Skype or Zoom video conferencing. Please note that he only consults on Buying, Storing on a Trezor and Holding, but he will also just talk Bitcoin if that’s what is required.
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