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Showing posts from October, 2017

BITCON: WHY YOU SHOULD STAY OUT OF THE CRYPTOMANIA (20.10.2017)

“Stock prices have reached what looks like a permanently high plateau. I expect to see the stock market a good deal higher within a few months." -Yale Economist Irving Fisher, 12 days before the 1929 stock market crash.                         Unless you live in a belljar, you have certainly heard of the term cryptocurrency—or at least of Bitcoin. Bitcoin is today’s rage: the seminal digital currency has put in a dizzying run, gaining more than 300,000% in only the last seven years. If you had purchased $10 worth of Bitcoin in July 2010, your investment would command $705,217 as of this writing. In 2017 alone, Bitcoin’s price has almost sextupled. The upward trend in Bitcoin has been replicated by other cryptocurrencies, some of which have had equally enormous surges in only the past year. Expectedly, Bitcoin’s rise has divided investors and finan...