Bitcoin as compared to beanie babies & gambling

Why am I spilling digital ink on Bitcoin and other coins? I know how this movie will end, and this knowledge brings a weight of responsibility. People will be hurt by this mania, and many of them will not be able to afford their losses.

Why am I spilling digital ink on Bitcoin and other coins? I know how this movie will end, and this knowledge brings a weight of responsibility. People will be hurt by this mania, and many of them will not be able to afford their losses.

One value investor’s take on cryptocurrency. After this analogy, he goes on to liken it to gambling. More true for bitcoin than utility tokens and coins from quality projects.

via Bitcoin and cryptocurrencies are just the Beanie Babies of the moment at Vitaliy Katsenelson Contrarian Edge

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