By Yorr - 09.01.2020
How to invest cryptocurrency 2019
I just finished reading Confessions of a Crypto Millionaire and the book made me think On February 7 , Bitcoin was worth $ Interested in learning how to invest in cryptocurrency, but not sure where to begin? uploads//09/AdobeStock_jpeg.
We do not need to grow our own food, make our own clothes, and build our own furniture.
We can specialize in what we do well and use the money we are paid to buy what we want. It hardly matters what is accepted as money — seashells, whale teeth, and how to invest cryptocurrency 2019 scalps have all how to invest cryptocurrency 2019 used.
The people of Yap used stones canoed in from hundreds of miles away. People have been willing to be paid in shells, scalps, and stones because they were confident that they could use them to buy things.
Our income goes directly into our bank accounts how to invest cryptocurrency 2019 our bills are paid out of our bank accounts. Bills that are not how to invest cryptocurrency 2019 electronically are paid with a check, debit card, or continue reading card.
Unlike electronic money that flows through the banking system and is monitored by central how to invest cryptocurrency 2019, bitcoin uses cryptography and decentralized control maintained by blockchains.
Part of the allure of cryptocurrencies is that a great many people worship computers, while few understand blockchain.
Real investments — like stocks, bonds, and apartment buildings — generate real income: bonds pay interest, stocks pay dividends, and apartments pay rental income.
Bitcoin generates no income whatsoever.
Speculators buy bitcoins because they think they will sell their bitcoins a short while later for an even higher price. This how to invest cryptocurrency 2019 the Greater Fool Theory — buy at a foolish price and sell to an even bigger fool for a profit.
During the South Sea Bubble in the s, fools bought worthless stock that they hoped to how to invest cryptocurrency 2019 to other how to how to invest cryptocurrency 2019 cryptocurrency 2019. Yet, nitwits bought nitvenders.
Bitcoin is a modern-day nitvender, in that the price of bitcoin how to invest cryptocurrency 2019 no more related to economic fundamentals than was the price of the South Sea nitvender stock.
Bitcoin prices are supported learn more here nothing more than the faith that greater fools will pay higher prices.
Here we go again. London time.
Who let the fools how to invest cryptocurrency 2019 For true fools, it hardly mattered what sparked the click to see more. As long as prices are going up, fools will buy in hopes of selling to greater fools.
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