6 years ago
1
The bitcoin bubble
Put the word Bitcoin into Google and you get (in Britain, at least) four adverts at the top of the list: "Trade Bitcoin with no fees", "Fastest Way to Buy Bitcoin", "Where to Buy Bitcoins" and "Looking to Invest in Bitcoins". Travelling to work on the tube this week, your blogger saw an ad offering readers the chance to "Trade Cryptos with Confidence". A lunchtime BBC news report visited a conference where the excitement about Bitcoins (and blockchain) was palpable.
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Obvious bubble is obvious.
There are only three things that matter in investing: (1) Buy low, sell high; (2) Don't try to guess what the high or low peak values will be; and (3) Your emotions are wrong.