“Bitcoin was the ultimate Utopia of freedom, but the system is broken”. In this interesting guest post on Eyes on the Goal, discover the reasons why the author sees Bitcoin skeptically for our society, our environment, and our economy.
Cheesy Finance: As noted in a post last year, we dipped our toes into the world of cryptocurrencies. Why on earth did we do that? Perhaps a slight case of fear of missing out (FOMO), but also the belief that the technology (and perhaps some of the coins) will survive (and thrive?). It was also a lot of fun with the massive volatility. Where are we today?
“I have advised everyone I know against investing in cryptocurrencies, but somehow I ended up doing it myself.” – Carl from moneymow.com is sharing what he’s learned from investing in cryptocurrencies.
It’s the phenomenon that has captured everyone’s attention. A year ago one Bitcoin was worth around USD900, but now it is trading at USD11,347 – after reaching an eye watering USD19,206 in December. It is therefore inevitable that everyone (including Mrs Smelling Freedom) is asking the same question – Should I buy Bitcoin?