Question: Should I Buy Bitcoin?
We have been receiving a lot of questions regarding Bitcoin/Cryptocurrency…. Bottomline…. Bitcoin is not a safe investment, it’s a speculation investment and ultimately a bubble. Any investment that is up 80 percent one year and down 80 percent the next is purely speculation and is NOT a safe investment! If you are expecting to make a fortune on Bitcoin, be prepared to lose it.
Another issue is that there is no way to truly value it. The value is solely based on what someone is willing to pay or bid for it. Plus, once governments around the world begin creating their own form of cryptocurrencies, the value of Bitcoin will plummet.
Ultimately, stay away from speculation investments like Bitcoin because YOU WILL LOSE and remember, make sure you have a sound investment strategy that includes risk management and always only buy sound investments!
Fee-Only Fiduciary Money Managers, like Rezny Wealth Management, are the only people you should entrust your wealth and retirement to. Call us today to schedule a consultation, (800) 618-8577