“Damn! I should have invested some money in Bitcoin 4 years back.”
“Banks will lose their control. Bitcoin is the next big thing. I should have done it before”
If one is not living in a cave, these are some of the stuff that one must be hearing recently. I haven’t invested in any cryptocurrency and I wouldn’t be doing that anytime soon. As the title of the post suggests, I have my own reasons to do so.
Not exactly a real currency
Real currencies are regulated and guaranteed by a federal body, while cryptocurrencies are valued based on the intelligence of the crowd. I am not exactly a fan of governments’ economic policies but I would definitely prefer it over intelligence of the crowd.
USD has its value because the world trusts the currency and is a de facto currency for carrying out important transactions of the world, including oil. If someone thinks Bitcoin or any other cryptocurrency can bring in such level of trust, I suggest you invest half your net worth in it. All the very best.
Continue reading “My TWO Cents and ZERO F***s about Bitcoin rally”