Topic: 2013-03-27 The Motley Fool: A Short Guide to Understanding Bitcoins (Read 1249 times)
I gave up on the Fools when they gave up on their original Foolish Four idea. It was a simple way to get respectable returns that anyone could understand. That was the whole point. But they thought they could be smarter than the market, by doing a lot more work, to improve the returns. Totally defeated the purpose of their original idea, and also had too much hubris.
March 28, 2013, 02:11:56 AM
"Fool contributor Dan Newman owns shares of eBay"
March 28, 2013, 02:09:53 AM
I think they make some good points. Bitcoins is NOT for the faint of heart. This is the rocket ship of trading for the last 3 centuries ... you have got to have balls of steel to be riding this pig!
Early adopters are either going to get rewarded richly for their risk appetite or royally screwed.
They may not think it is "serious investing" but ....
Early adopters are either going to get rewarded richly for their risk appetite or royally screwed.
Quote
Bitcoins are fascinating, for mathematicians, economists, traders, investors, politicians, regulators, and anarchists. And while watching the currency develop is entertaining, the experimental currency is no place for serious investing given the risk versus reward. Attempting to trade in established currencies is difficult enough.
They may not think it is "serious investing" but ....
March 28, 2013, 12:37:06 AM
http://www.fool.com/investing/general/2013/03/26/a-short-guide-to-understanding-bitcoins.aspx
"And while watching the currency develop is entertaining, the experimental currency is no place for serious investing given the risk versus reward."
They just don't get it. Here it is, investment opportunity of the century, and supposedly "Foolish" investment education service is happily dismissing it. Oh well, time to cancel my subscription.
"And while watching the currency develop is entertaining, the experimental currency is no place for serious investing given the risk versus reward."
They just don't get it. Here it is, investment opportunity of the century, and supposedly "Foolish" investment education service is happily dismissing it. Oh well, time to cancel my subscription.
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