There is an old saw that when markets are greatly overvalued, the “little guy” wants to get in on it. The Author Rob is a hundred percent behind the “little guy.” In fact, he is a little guy. And he has made a few speculative moves with Bitcoin. Made a little. Not much. The swings are so massive it is a tough speculative market.
Bitcoin has made lots of initial investors money. Some an awful lot. But was it their prescient investing skills, or dumb luck. Likely somewhere in between.
We hear analysts telling us that bitcoin will hit $300,000 very soon. Others call it a speculative bubble. The Author believes both analyses are incorrect.
Bitcoin, although it is a ether money and exists only on a lot of servers, know has some transparency. There are some vehicles for investing in the product and not having them kick around in your wallet. It was anticipated that funds would be launched in early 2018, but the SEC still has reservations.
Below is a link to a story about a 22-yo Kentucky man who made $770,000 on bitcoin. He bought a house and some other stuff, and started a consulting business to help others invest in cryptocurrencies.
It will stand without further comment.
“Us little guys working our butts off, we can’t get ahead,” Cedric Knight, 35, told Melin. “This is a once-in-a-lifetime opportunity to change my life.
"Knight and others visiting Melin were pinning their hopes on a new form of currency whose potential value the world was only beginning to recognize. Millions of people around the world are chasing after fortune by investing in bitcoin — which has soared by more than 2,500 percent in value in the past two years — and other digital instruments known as cryptocurrencies.'
THERE ARE NO DEALS OF A LIFETIME IN THE DESERT OF THE REAL!