Buying Cryptocurrencies gambling unless you know the fundamental value
Everybody who argues for buying cryptocurrencies I talk to never has an idea of what they are worth. They just always say things like "it went up a lot and it will go up more" but this is nonsense bubble talk. Bit coin currently has a market cap larger than General Motors, a company with billions in profit. When people argue bitcoin should be worth more than General Motors, they usually don't have any good reasons to back that up. What do people expect? Bitcoin to be worth as much as Apple? This is getting insane and people need to stop calling cryptocurrency investing until there is a fundamental value based on evidence and analysis to work with.
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