BITCOIN – The Reality Check

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COMMENT: Mr. Armstrong, I simply needed to thanks for the schooling. If you defined that Bitcoin was not some hedge towards central banks or an exception to all the things on the market however was simply one other buying and selling automobile, you saved my life for positive my spouse would have killed me in the course of the crash. The November turning level proved appropriate. Now we head into some very attention-grabbing occasions with Directional Adjustments forward. The bounce now is similar sample you see in gold. It’s only a buying and selling automobile and never a retailer of wealth. Thanks for that actuality examine.

Sam

REPLY: Sure, spousal abuse is usually a main deterrent. Merrill Lynch paid me to show a consumer the best way to commerce who had created the largest one-day loss maybe in buying and selling historical past and wrote a examine and saved buying and selling. I bought him to pay extra consideration, however when he was profitable, he was too busy to look at. He appeared to like to lose cash for that bought him all equipped. It was his spouse that made him cease buying and selling.

Look, Bitcoin is NOT some retailer of wealth. You’ll lose your shirt, pants, and partner in the event you purchase into that. It’s a buying and selling automobile – nothing extra. Simply observe Socrates. That offers at the least an unbiased viewpoint. What goes up, comes down and what goes down ultimately goes up. That’s simply the legislation of the market.

 



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