You are viewing a single comment's thread from:
RE: CRIPTOCURRENCIES: INVESTMENT OR GAMBLE?
When Bitcoin made its first move to $1000 my brother and I where talking about it. He said Bitcoin is the perfect thing, it is like a large company, but if it goes bankrupt no on will take the fall. Bitcoin is a tool like any other asset. Use it don't fall in love with it. One day it Could be worth nothing remember MySpace. How about Enron the list of dead company's go on and on. There is always a time to get out of something. Just sell for a profit.
I do believe Bitcoin is absolutely revolutionary, but it is true what you say.
In many cases it is hard to place your money somewhere and avoid being emotionally attached to "it".
But that is what in my opinion makes the biggest difference between gambling and investing.