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“Bitcoins – Are You Kidding Me?” – Seeking Alpha | $1938.7

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Fact Checker

Is it a good investment?

Stanford and Princeton say bitcoin has volatility seven times greater than gold, eight times greater than the S&P 500, and 18 times greater than the U.S. dollar. My answer:No.

Some of the hype tossed by Bitcoin sellers include:

Buy bitcoins with your IRA

Seriously? Sure, reverse mortgage your house while you’re at it…

Still, some people will buy it as an “investment.” In my opinion, Monopoly money is safer.

Eulogy made by: John Lohr

Source

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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