INVESTMENT VERSUSES SPECULATION
What is an investor?
An investment operation is one which upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative.
The DOTCOM bubble started around 1997, peaked around 2000 and ultimately burst in 2002. The bubble revolved around speculative investment in internet companies. In that time investors were so excited about new tech that they invested in almost any tech company without even caring if that company is profitable or not. COMMONSENSE BEGAN RARITY. After the bubble burst only some companies survived example amazon.com.
THE CONCLUSION IS SIMPLE: THE DOTCOM BUBBLE IS A FACINATING HUMAN NATURE LESSON.
Every nonprofessional who buys a “hot” common stock issue, or make purchase in any way similar thereto, is either speculating or gambling. Speculation is always fascinating, and it can be a lot fun while you are ahead of game. If you want to try your luck at it, put aside a portion, the smaller the better.
So what I am trying to say is, if you understand bitcoin by core, you know how it works, how it’s made, what are it’s competitors, is the price too high for me to buy, why it has any value and why this value will keep growing then you are an investor, however if you are buying or selling it because others are doing then it’s pure gambling.
As Warren buffet Says: www.youtube.com/watch?v=ewMYbX47...
“Stay away from it”
From my point of view, I will not invest in bitcoin as I do not understand it and I do not want to be a speculator. I find MCD a better investment for long term than BTC.
References: An intelligent investor Benjamin graham www.booktopia.c...0060555665.html?source=pla...
What is an investor?
An investment operation is one which upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative.
The DOTCOM bubble started around 1997, peaked around 2000 and ultimately burst in 2002. The bubble revolved around speculative investment in internet companies. In that time investors were so excited about new tech that they invested in almost any tech company without even caring if that company is profitable or not. COMMONSENSE BEGAN RARITY. After the bubble burst only some companies survived example amazon.com.
THE CONCLUSION IS SIMPLE: THE DOTCOM BUBBLE IS A FACINATING HUMAN NATURE LESSON.
Every nonprofessional who buys a “hot” common stock issue, or make purchase in any way similar thereto, is either speculating or gambling. Speculation is always fascinating, and it can be a lot fun while you are ahead of game. If you want to try your luck at it, put aside a portion, the smaller the better.
So what I am trying to say is, if you understand bitcoin by core, you know how it works, how it’s made, what are it’s competitors, is the price too high for me to buy, why it has any value and why this value will keep growing then you are an investor, however if you are buying or selling it because others are doing then it’s pure gambling.
As Warren buffet Says: www.youtube.com/watch?v=ewMYbX47...
“Stay away from it”
From my point of view, I will not invest in bitcoin as I do not understand it and I do not want to be a speculator. I find MCD a better investment for long term than BTC.
References: An intelligent investor Benjamin graham www.booktopia.c...0060555665.html?source=pla...
Comment:
bitcoin has lost around -$1000 (20%) of its value, I wonder when this bubble will burst. I don't know how high will it go temporarily. Lossing 20% of value in few days is very unstable and very risky investment.
