Sunday, December 24, 2017

Christmas Eve Advice: Stay out of Bitcoin

Here is some Christmas Eve advice for you, my pre-Christmas gift, if you will: Stay out of Bitcoin (and if you don't know what that is, here is some basic info here and here). People know I like technology, the news, etc. Therefore, folk have asked me what I think about Bitcoin at various times. They'll say, "David, what's your advice for getting into Bitcoin and I'll say, "Don't." Cryptocurrency has very little in the way of market stability in that it has no market stability, and Bitcoin is the most famous of all the Cyptocurrencies.

People said I was just being a downer about Bitcoin as it kept going up and up in value...and now it just crashed spectacularly. Cypto markets are broken and have been horrendously flawed from the start. Bitcoin isn't necessarily a hoax, but it is a horrible idea.

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