PRICE of Bitcoin will HIT the ROOF, Should you invest in it?
Thursday, February 16, 17
PRICE of Bitcoin will HIT the ROOF, Should you invest in it?
Greetings from Hitesh! Our post on
SASIKALA NATRAJAN’s VASTU – available on our blog site www.hiteshmparikh.com - has been
appreciated by research minded people. I am holistically thinking to make my
fellow travellers life as smooth as possible. In the process, I am doing
research in the ANCIENT sciences and sharing my observations with you all.
Many readers have asked us to
share our view on BITCOIN. So, today I am going to talk about BITCOIN.
What is BITCOIN? How it Functions? How to MINE it?
https://youtu.be/lGjF0waLW90
Just copy paste these links and
you will get to know all you wanted to know about BITCOIN. I don’t want to deal
with which is already available. I am going to deal with the investment
aspects.
You can find out other links also
for BITCOINS on WEB and look into it. Above two links are the BEST. Just take
time to go through that.
Why BITCOIN price will hit the ROOF?
Look at the major countries of the
world. They are deep in DEBT and there is no way that they can come out of
their DEBT in short term or even in foreseeable future. This will invite some
kind of CURRENCY REALLIGNMENT and some currencies or country will go out of the
MAP or cease to exist. In such a scenario BITCOIN may provide stability to your
money. Naturally, demand will move up and the supply of BITCOIN is fixed so the
VALUE MUST MOVE UP. The logic looks so appealing that many guys in India have
started accumulating BITCOINS.
I keep on receiving messages to
start BITCOIN mining business and earn bitcoins. They offer commission also for
getting clients hooked to them. Many are arranging meetings in 5 star hotels to
woo the common guys.
What is WORLD EXPERIENCE?
China the biggest market of
bitcoin is trying to stop the use of bitcoin as it means that people are
engaging in money laundering activities.
As on 11th FEB this was
the status of some of the Chinese exchanges. Most are suspended or closed.
On the other hand JAPAN is trying
to legalize the BITCOIN after following due LEGAL process.
In short, the demand will increase
for BITCOINS as more and more people are demanding BITCOINS.
The issue is not about the DEMAND
or TECHNOLOGY. The issue is should you invest or not.
What is our VIEW ON BITCOIN investment?
I am a very small investor when I
look at the bigger guys. However, my BASICS of investing is par excellence with
any of the biggest investor and you should read my opinion on BITCOIN with
these two things in mind.
I have looked into the activities
of all the big investors and hedge fund managers. I found that they are not
investing in BITCOINS. If I can say that price will hit the ROOF, I am sure
they are 1000 times smarter than me and they would have also thought about it
way back whet in was launched in 2009.
How come they did not invest into BITCOIN?
1.
It’s a CURRENCY and
not an ASSET:- It means it
has no INTRINSIC value. We have just passed through DEMONETISAION experience.
How much value you would give to Rs.500 /Rs.1000 old notes now? ZERO, am I
right? Notes did not have any value in it. It had the perception of VALUE as
long as RBI was supporting it. Same goes for BITCOINS. As long as people keep
in accepting it – it will have value but the value is going to be decided by
VELOCITY of MONEY and that is not in anybody’s control.
2.
The basic
investment principle says to invest in something having an intrinsic value:- If I am buying LAND / PROPERTY / SHARES / GOLD
/ NATURALL RESOURCES – it has some intrinsic value and that can be realized by
enjoying that or by keeping as a store of value, as they have something
intrinsic in them. BITCOIN is a CONCEPT and nothing else.
3.
Control on the
PRICE:- You can not
control the price of the BITCOINS nor predict the price as there is no
fundamental value in it. We can’t control the price of shares also but we know
that price is a slave of earning, in case of shares. As long as earning are
supportive – price will move up sooner than later. In case of BITCOINS – this
is not applicable.
4.
CREATOR of
BITCOIN:- It is
believed that the guy who created this is Mr.SATOSHI. He is nowhere seen by
anybody so far. My gut feelings says there must be some powerful forces behind
this – looking at the support it is getting from Wall Street guys.
5.
PAYTM experience:- During the month of DECEMBER –
those who were registered on PAYTM and accepting payments did good business.
Buying BITCOINS are like adding money into your WALLET, the way you are adding
rupees in your PAYTM wallet. Wealth can be created by investing in PAYTM
Company and not by transferring money into your wallet. The same applies to BITCOIN. I would like to
invest in BITCOIN EXCHANGES or BITCOIN issuing company and not in BITCOIN as
such.
What did WARRNE BUFFETT said way back in 2014 about BITCOIN?
"Stay away. Bitcoin is a mirage. It's a method of transmitting
money. It's a very effective way of transmitting money and you can do it
anonymously and all that. A check is a way of transmitting money, too. Are
checks worth a whole lot of money just because they can transmit money? Are
money orders? You can transmit money by money orders. People do it. I hope
bitcoin becomes a better way of doing it, but you can replicate it a bunch of
different ways and it will be. The idea that it has some huge intrinsic value
is just a joke in my view."
Buffett says Bitcoin is a very fast anonymous money order. Companies
that send money orders make money off of them, so investing in the companies
that control the money orders makes sense (the Coinbases and Bitpays of the
world) but the money orders themselves (i.e. Bitcoins) aren't worth buying as
an investment.
People often compare it to Internet protocols that enabled the development
of email and the World Wide Web as we know it. But protocols and the
"Internet" don't make money; the valuable systems built on top of
them do. Buffett is essentially saying Bitcoin is a protocol like TCP/IP that
isn't a money maker, and is encouraging investors not to drop $600 bucks/coin (even if unlike TCP/IP,
the supply of Bitcoin is limited).
What NEXT?
Whether I say yes or no – the fact is the price of BTC will move up
like anything due to world conditions. I would pass this opportunity and would
prefer GOLD as a hedge against world situations.
In 1999 – I stayed away from K-10 stocks and still made good money. In
2006-2007 – I stayed away from REAL ESATATE Stocks and still made good money. I
am willing to pass BTC for HERD FOLLOWING investors.
You can decide for yourself.
Have a HAPPY INVESTING.
Live With
Passion…Invest With Passion.
Hitesh Parikh.
Ever try to automate your free bitcoin claims by utilizing a BTC FAUCET ROTATOR?
ReplyDeleteNice information. I want to know about bitcoin in detail have you another site like investbitcoinira.com ? let me know. Thanks
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