Forum Discussion
Bitcoin....come on.....really
It looks like the bottom may be falling out for Bitcoin.
Personally no way I'd get involved with it. I like to change the "B" to an "Sh" in Bitcoin.
It seems to be a Millennial and younger thing. I have zero faith in it. Honestly have no idea what is even driving it.
Again seems like smoke and mirrors monopoly money to me.
It's like everything else: it goes up, it goes down, it goes up, it goes down. The problem is that the swings are yuge [sic] and unstable. Great for day traders, bad for normal investors.
"It seems to be a Millennial and younger thing. "
I think you may have hit the nail right on the head.
Actually, in saying this, I'm more concerned the bottom has finally dropped out of the bull market. Has been a great year for the market, but this month has been relatively *meh*. Hopefully it's just holiday profit-taking and not skittish reactions to the tax bill.
When you're retired on IRAs, 401(k)s, CDs and pensions, all of that is based on interest/dividends/cap gains, so I'm also really concerned what this new tax bill does to that... nothing really addresses it.
