What is term for people who lose big when bitcoin collapses?Some would say they are fools, others suckers. ...May I avoid following in their footsteps.
Over at Seeking Alpha, Avi Gilburt has written a good column about learning from the past.
Read up on when tulip bulbs were used as currency. It ended in a bubble. Many of you remember when Ty Beanie Babies were treated as investments. How did that end?
Individual Banks used to issue currency. How did that work out?
I've been tempted to post about the distraction tulip bulbs, err I mean bitcoin has been to the precious metals market. Anyone think a chunk of the money that has not found its way back into gold stocks is speculating on bitcoin? Sheeple.
"Bitcoin is as sound as the dollar." That's not saying much. But is it really? Bitcoin hit $4,000 today. At this rate we may not have to wait long to find out.
When people flee bitcoin, where will their money go?