I must get 100’s of offers per month to BUY bitcoin, but I’ve yet to receive a single offer to buy any bitcoin I might already own…
I consider this entire Bitcoin thing to be a SCAM in that regard, akin to “Buying a collection of Wine” or “Boot Fair Artworks” or “Snake Oil” come to that.
Something that is not convertible into cash money at the drop of a hat - isn’t worth having in one’s poessesion, let alone spending loads of money on it.
Good luck to those who’ve found themselves with bitcoin from “nowhere” - Now would be a good time to cash it in, don’t you think?
Don’t make the same sort of mistake that my Brother made with the Dotcom shares he purchased or got gifted for pennies, only to hang onto them a bit too long, and saw his once-deep 5-figure portfolio melt down to under a grand by the time it was finished…
“I’m in it for the long term” he argued.
Telewest, Freeserve, NXT, and Thus - didn’t ever get their portfolio value back about 3 figures again.
“A long term investment opportunity - is a short-term gamble that went wrong”.
Investing is gambling. The biggest gambles return the biggest profits.
If you overly gamble on something with an unambitious profit margin - then you are not gambling, but rather throwing your money away.
Always make sure the REWARD outweighs the RISK.
Therein lies the reason why I don’t touch ANY “Ethereal” currency.
If I want a market to punt, I’ll stick to trading FTSE futures, GBP Currency Futures, or the Dow Jones Index.
Transparent markets where you always know where you’re at, and cheap in commission terms as well.
(live data, none of this “delayed 10 minutes” crap…)