Originally Posted by
shasta
When you start receiving unsolicited spam email raving on bout bitcoin, and you see paid ads everywhere on the internet stating 5 dollars in Etherum now could be worth 1 million in 2 years, the bubble/hype has hit manic propositions, just like MLM, ponzi schemes etc, those in at the start ramping the pants of it will make money, then the greater fool theory/herd mentality kicks in, selling out into the new money.
i have shares in ISX - payment technology software platform, for online secure transactions, this type of investment that is generating income could benefit should cryptos ever become mainstream and regulated as it really only has Paypal as a direct competitor.
i dont understand bitcoin/cryptos, nor how its caught on to such hysteria proportions in the media, there's money to be made for sure, at the far speculative end of the market, being a small percentage of any portfolio.
Im not adverse to taking risks/trading when the right opportunity presents itself, bitcoin at 1000 each might have been worth a punt but at 15000, is it likely to go up and be another 15 bagger to 225,000 each now? Those who have made there in this would already be out/mostly sold out.
Meanwhile, ill hold onto my gold shares and physical silver and await the inevitable upcoming crash/correction, probably starting with bitcoins etc all bubbles end in tears for those last in the door...