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Bitcoin (B) is a cryptocurrency. It is the first decentralized digital currency without a principal monetary authority or single administrator that ca
[See the full post at: https://thefinancialfreedom.online/bitcoin-the-future-currency/]Goldman Sachs is doing a Con call for investors today on the current state of the economy, inflation, and Bitcoin among other things.
Some of the slides of this con call got leaked. As per one of the leaked slides, Goldman Sachs will throw cold water on Bitcoin and cryptocurrencies in general, stating plain and simply “cryptocurrency including Bitcoin are not an asset class.” The slide goes on to list all the reasons why cryptocurrencies are not an asset class, including noting that they do not generate cash flow like bonds, cannot be used to dampen volatility, and “do not show evidence of hedging inflation.”
Goldman Sachs goes on to state that “allure does not constitute a viable investment rationale.”
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</div>What is the stock market symbol for Bitcoin? Bitcoin is being compared to gold. Bitcoin is a digital currency.
People are making money with Bitcoins Would you buy and invest in Bitcoins or any crypto currency ?
Any currency is a crap shoot. Almost literally–you should expect to lose 3% unless you really win or lose.
I haven’t followed the bitcoin market enough to have an opinion. The only times I’ve seen people making money on any currency is when they think they see it undervalued.
Bitcoin is very volatile. only invest what you are willing to lose. If you have some side money that you want to put into alternate investments such as bitcoin that is fine as long as you are aware of the risks.
No absolutely not. The price is now way too high and it could easily crash. If you had bought a few years ago you would have made a fortune, but now all the risk is on you.
It’s possible the value of bitcoin will rise another 10 or 20%, but if it crashes it could indeed be worth nothing. This sounds like a bad deal to me.
I know people who bought some middle eastern currencies after conflicts and before rebuilding and did all right. They were the type of guys who think ‘drop $1000 on that, put it in your safety deposit box and forget about it’. I’m not in that financial league–I have trouble forgetting about $1000 and try to invest it in something I expect to make more than -3% a year.
