Get rich quickly with Bitcoin?
That’s what the Winklevoss Twins of Social Network fame did.
I’m amused by Bitcoin’s meteoric rise and plunge. Aren’t you?
Bitcoin started 2017 below $1,000 and hit $19,345 on December 19, 2018.
Then the price . . .
- plunged to $6645 a year later mid December 2019
- rocketed almost to $29,000 in December 2020
- hit a peak of $68,789 on November 10, 2021
- closed at $19,896 on August 30, 2022
As Stevie Nicks sang, “The sea changes color, but the sea does not change.”
Manias change but a maniac’s behavior does not.
It seems that the less investors understand about a mania’s object, the more obsessed they are to own it at any price.
Not a wise plan.
Continue Reading “Get rich on Bitcoin with your money? Heck no!”
