“Bitcoin’s fabulous rise … will eventually end in tears” – South China Morning Post | $4,035.36

It is a feature of all bubbles driven by the herd to find that many wise, high profile and analytical financial observers are their most ardent supporters. The rest of the crowd are blinded by greed or gripped by the fear of missing out. So it is with bitcoin.

….The fatal aspect lacking from cryptocurrencies is the backing of a central bank, which has all of the economic, military and intellectual resources of a nation to support it. …
Cryptocurrencies are going up because they are going up; they are the Kardashians of the financial world; famous for being famous. But fame does not last forever, nor do market manias. Then the very same very wise, high profile and analytical financial observers will then try to convince us that they were the first to warn us!

Eulogy made by Richard Harris

Source

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

1
Leave a Reply

avatar
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
fulano de tal Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
fulano de tal
Guest
fulano de tal

kkkkkkkkkkkkkkkkkk