ok..people.i think....The 1% are buying lots of Bitcoin ...Why You Can't Invest in Bitcoin!!!

in #money8 years ago

Why ??? ok listen invesors ..listen up!!

Wealthy indvidiuals from all over the glober are purchasing larege amounts of Bitcoin, but not from exchanges. What will happen when the market prices in the increased BTC demand and the post-halving decrease in supply?
Lots of people want to invest in bitcoin, but they may be disappointed to learn the truth about this hot cryptocurrency.

Here's a fact you might not be aware of: You can't invest in bitcoin. Undoubtedly, some people will be very upset about this. After all, bitcoins are currently selling for $350-$400 each: up from around $10 just two years ago -- although down from more than $1000 late last year.

The reason why you can't invest in bitcoin isn't because a bitcoin exchange has been hacked: though that has happened. It isn't because the government is cracking down on bitcoin, either: although that has happened, too.

The problem is much more fundamental. You can't invest in bitcoin because bitcoin is not an investment. Many people seem to think there's no real difference between speculation (buying bitcoin) and investing (buying a stock). However, that opinion is based on a misunderstanding of what investing is all about -- and how investing can lead to long-term wealth.

Betting on bitcoin
As people began to notice bitcoin's rapid ascent -- from less than $1 in early 2011 and less than $10 in mid-2012 to more than $1000 in December 2013 -- many individuals became interested in the concept of investing in bitcoin.

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also downvoting this.