Appro’ the below item a letter just in from Alan Duff bewildered after seeing an item on Facebook this morning showing my photo and quoting me, “Get in now before banks blank this”. Alan’s bewilderment stemmed from disbelief, he knowing me too well to believe I would promote such rubbish.
Let me make one thing very clear.
Buying Bitcoin is for idiots. It works on the classic speculation bigger fool principle and such speculation always end in tears. I am not and have never been a speculator for the very good reason that it’s both stupid and unnecessary. To make money out of investing, always act rationally, be patient and study your field. In a cell-phone brain-dead obsessed age it’s never been easier vis a vis competition.
Buying Bitcoin is by definition not investing and is simply a magnet for mugs.