Warren Buffet the biggest investor of all times, bets that Bitcoin bubble will burst
11-19-2017, 06:32 AM
I'm not an investor in anything and I don't know anything about Bitcoins, but like most people who know nothing about a topic, I still have an opinion.
If gold crashed, women would jump at the opportunity to own gold jewelry while prices were cheap. Corporate stocks are always likely have an inherent value so long as the underlying company has value, as purchase of the majority of the stocks is literally the same as owning the company.
I'd still be hesitant about investing in either and would always prefer to invest in my own business entities where I can play an active role in getting a return greater than the 10-15% the stock-market is likely to get me.
Honestly, I think the way that stock markets (on whatever exchange) are setup is really retarded, which is evidence by the number of laws and enforcement of those laws that has to be in place to prevent people from using the stock market in illicit ways.
I'd be much more interested investing in a stock exchange where stock price is based on the real value of a company. Anything else is statistically similar to gambling in a casino that typically pays off about 10% over a year.
I'm not going to invest in Bitcoin because I doubt that I'll have the insight or maturity to sell at the right time. Even if that day will never come, the fact that I think it could makes me part of the problem.
If gold crashed, women would jump at the opportunity to own gold jewelry while prices were cheap. Corporate stocks are always likely have an inherent value so long as the underlying company has value, as purchase of the majority of the stocks is literally the same as owning the company.
I'd still be hesitant about investing in either and would always prefer to invest in my own business entities where I can play an active role in getting a return greater than the 10-15% the stock-market is likely to get me.
Honestly, I think the way that stock markets (on whatever exchange) are setup is really retarded, which is evidence by the number of laws and enforcement of those laws that has to be in place to prevent people from using the stock market in illicit ways.
I'd be much more interested investing in a stock exchange where stock price is based on the real value of a company. Anything else is statistically similar to gambling in a casino that typically pays off about 10% over a year.
I'm not going to invest in Bitcoin because I doubt that I'll have the insight or maturity to sell at the right time. Even if that day will never come, the fact that I think it could makes me part of the problem.
I'm the King of Beijing!