A popular taxi owner in my neighborhood(Nicole) has decided to give up her taxi in exchange for bitcoin. This is a recent development that actually caused reserved comments from other residents of the same neighbor hood. I was of the opinion that she rather source for funds from other means other than giving up her taxi but her mind was already made up. Could this be a brilliant decision or did she act without caution?
If she is looking for the long term, then you can advice her to wait for a correction rather than investing when the market is at an all time high valuation. Selling her taxi means she is going to be out of work for a long time and what will be her alternative source of income. Before jumping to these conclusions about making a fancy profit you need to think about the maximum profit you might make if you invest now.