What does this mean?
Long term you should be investing in a SOLID foundation.
A solid foundation is more than a Get rich scheme. It has to have reserves, something giving you monthly income or “passive income”. Have my feelings changed on bitcoin. Short answer NO still a bubble. BUT SO is real estate, gold, silver, student loans, bonds, etc. Many things are going to have a CORRECTION. Can you make money if you get in NOW and leave your investment in? sure.
Many folks are talking about bitcoin are Rappers, instagram models, and people who jump from topic to topic well like FRANK KERN. My thought process if the same, check out these folks overall foundation.
Do they have health insurance?
Do they have life insurance?
Do they own stocks?
Do they own a 401k?
Do they own their own home?
Do they have gold or silver in their portfolio?
Do they keep a JOB? (as the old folks say)
Do they own their OWN car/able to get around when they want to ?
Look if you reviewed this list and its a person on section 8 trying to sell food stamps every month talking about bitcoin and how everyone needs to get on board, well you have your answer.
I am not saying the power of the internet to make money is not possible. Look at these peoples over all life and habits. Just when everyone was buying gold, flipping houses, selling skinny tea, AMONG countless MLM the majority of folks did not have a balanced portfolio.
Today in the news here people were mortgaging their homes to invest in bitcoin. That is usually signs of a crash or “correction” coming. If these folks are smart enough to REFINANCE or TAKE a home mortgage to invest in bitcoin, they can do a bit more research and invest in rental properties. The key to all this is a GAMBLING or Lottery mentality. People with lottery mentalities will get HIT with “stupid” tax every time. What is stupid tax? High interest loans, payday loan, bad credit card debt, poor decisions, and overall poverty.