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Archive of posts published in the category: general
Sep
30

I Am Getting Nervous About Bitcoin

I had no clue what a bitcoin trader was when my older brother started to talk about it, that was about eight years ago. At any rate he talked me into giving him about a thousand dollars back then. I could afford it because I was living rent free with my girlfriend at the time. Of course he ended up making a whole lot of money doing this stuff, or what seems like a whole lot of money to people like me. So I kept buying the stuff and now I have the sort of problem that a lot of people would like to have. Of course when you look at the course history, year after year, the price of bitcoin has continued to rise. Obviously there are wild swings in both directions, so if you watch the news too closely you might go a little bit crazy from the rise and fall of the prices. If you are clever that allows you to make huge profits, but you could just as easily buy when you should have sold or vice versa.

At any rate I really nervous some times and it makes me think that I should put some of the money in an investment which does not make me so nervous. One of the big things appears to be the government, which has never had much love in it’s heart for bitcoin. There are a lot of people who use the stuff for reasons that involve things the government does not like. If you were a criminal, then the stuff would allow you to get around a huge problem with that sort of business. Obviously the people who like to avoid paying taxes see it as a great avenue for that and you know the IRS is not going to sit around and let that happen.…