Quote:
Originally Posted by bubbsy
Woke up quite hungover today, after a lengthy night of drinking with some friends who are heavily invested in bitcoin and a few other cryptocurrencies.
Ugh, the feeling of missing the boat on this and my general failure in managing my portfolio for anything better than marginal growth, compounded with the hangover has me feeling really down today.
I'm pledging to read through this thread and becoming a contributor within the next few months (when I am able to liquidate some assets I'd like to part with anyways).
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I don't know how old you are but wealth building is about slow and steady over many many years. Get rich quick schemes are just that. Schemes. Right now Bitcoin is trading on fake value. There is nothing underlying that currency. It's completely made up.
Before anyone says that fiat currency is the same, you do realize that it is basically a promise to pay by a government with the power of taxation, or in some cases, to conquer other nations and steal their resources if things got desperate enough.