Post
Topic
Board Speculation
Re: Investments in the Stock Market now better than that of bitcoin
by
funchiestz
on 18/12/2018, 11:18:23 UTC

As at 16th December, 2017 a unit of bitcoin was worth an equivalent of $16,600.00 ( source Bloomberg 2018).

Some days later, Bitcoin’s price peaked to $19,511, before it began an epic slippery slope movement that would see the original crypto currency lose approximately 82 percent of it is value. As i write the value of bitcoin is averaging $4,000.

Various analysts have argued that the initial drastic rise in its price are due to several factors ranging from irrational optimism; aggregate market irrationality; cynical speculation, poorly informed investors among others.

In all honesty don't you think investing in stocks now makes better business sense than investing in bitcoin?


I do not think so. The crypto money sector always has a potential of 10x-100x and even 1000X. But the stock market will make such a rise so difficult. Even almost impossible. But we all respect your call about investment.