Scholarship table
I wasn't trying to be fair or unfair. I merely presented a fact and some reasonable advice for any investor.Fact: It crashed nearly 20% yesterday.Reasonable advice: Investors should be in tune with their risk tolerance before investing in bitcoin - or anything else.Not sure how one could take issue with any of that.
If 20% is a “crash” then that was the 7th this year, and the second in November.And as I noted in the other thread bitcoin had separate 70%, 80% and 90% declines. So it has also survived three collapses as well.This is what your dealing with in bitcoin
Bitcoin topped $11,600 this morning, a new All-time high.Its last all-time high was Tuesday, “crashed” more than 20% that day as well, and back at a new high 5 days later.Friday’s news that the CBOT and CBOE will list a futures contract on that will start trading on December 18th is considered a huge positive. It gives it more legitimacy and makes a future ban even harder.
So, Cramer, you're saying "BUY BUY BUY"?
Yes, for now ... understanding you are buying into a risky bubble that has a non-trivial chance of going to zero. If you accept those risks, then do it.
Buying bitcoin is not investing, it is gambling, pure and simple and should be taxed as such.
It isn't gambling at all. It is currency speculation. Enormous difference.
Bitcoin crashed nearly 20% yesterday.It's still up significantly this year, but yesterday is a classic example of the currency's volatility and the reason I repeat: "Investor, know thyself."
Almost 14k today
If it goes to 100k tomorrow, I still won't go, "Damn, I shoulda got some." I know myself as an investor, and I don't do the speculative stuff. My tummy can't handle it. I wish those who invest in bitcoin (and anything else) good fortune.
No, I totally get that, but if you have a couple of grand you can afford to 'lose'...
Would anyone here feel bad for profiting off of Bitcoin? The majority use of Bitcoin is nefarious/illegal.
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
I have my investing goals. I have a plan to reach them and am right on track. I do not need to be rich, just financially secure. I do not have the time to be a day trader, which I think is the only way to profit on the wild swings in cryptocurrencies.Good luck if you are in Bitcoin or any other cryptos. They are not for me. And I'm not even afraid that I'm missing out.