{"id":40718,"date":"2017-10-31T15:39:29","date_gmt":"2017-10-31T19:39:29","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=40718"},"modified":"2017-10-31T15:39:29","modified_gmt":"2017-10-31T19:39:29","slug":"a-tiny-bit-more-on-bitcoin-and-please-dont-pinch-yourself","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=40718","title":{"rendered":"A tiny bit more on bitcoin. And please don’t pinch yourself"},"content":{"rendered":"

Everyone and their uncle is investing in crytocurrencies, like bitcoin. And (I kid you not) the 122 other crytocurrencies.<\/p>\n

This is not a value play like buying a building, where you can figure the value of the building from the net cash flow.<\/p>\n

This is a “value” play because:<\/p>\n

+ More and more people are using bitcoin everyday.<\/p>\n

+ There’s only a limited bitcoins in the world. And there will only be a limited number — 21 million, allegedly — ever.<\/p>\n

The “big” plus is that bitcoin (and the others) can’t be messed up by governments. The big negative is that it can’t be protected by governments, either. Think FDIC.<\/p>\n

Bitcoins are mined (i.e. created) by people with big data centers. Venture capitalists and hedge funds are throwing money at crytocurrencies for the same reason I’m interested:<\/p>\n

It’s a different asset class. It’s not real estate. It’s not stocks. And it’s not bonds.<\/p>\n

The first people who got into bitcoin as an investment were gold bugs.<\/p>\n

If you buy a million dollars of bitcoin on day one and a week later want it back (along with your mega-profits), you may be up a creek without a paddle. Some places limit you to $25,000 a day in U.S.\u00a0 dollars.<\/p>\n

The only thing I’ve learned in 20 years of investing — the 20 after I sold the business — is that every investment has a “gotcha.” You may not find out the gotcha for years. But there’s always a gotcha.<\/p>\n

Rewards come from studying.<\/p>\n

Start with this 374-page book. Paul Vigna is a markets reporter for the Wall Street Journal. And Michael Casey is a senior adviser for the Digital Currency Initiative at the MIT Media Lab.<\/p>\n

\"AgeofCryptoCurrency\"
\n<\/a>Only $10 at Amazon. Buy it here.<\/a>\u00a0<\/strong>I don’t make a commission on the sale of the book. But everybody else in bitcoin seems to.<\/p>\n

I may still sneak some money into bitcoin. But I’m in my learning phase.<\/p>\n

Meantime, I don’t even want to look at the stockmarket, for fear I’ll pinch myself and wake up.<\/p>\n

If you ride a bicycle you will enjoy this:<\/strong><\/span><\/p>\n

\"RedBull\"<\/a><\/p>\n

It’s called the Red Bull hardline<\/em>. And it gives insanity a whole new meaning, but fun to watch courtesy a GoPro camera.\u00a0Click here.<\/strong><\/span><\/p>\n

Why do I think this is funny?<\/strong><\/span><\/p>\n

From Business Insider:<\/p>\n

Amazon’s bookstores are generating almost no revenue. There are a few reasons why including the fact that there aren’t that many of them yet.<\/p>\n

Cheaper iPhone <\/strong><\/span><\/p>\n

I’m told it’s megabucks cheaper to get Apple to replace the old slow battery in your present iPhone with a new one than to buy a new iPhone.<\/p>\n

IKEA is great for children<\/strong><\/span>
\nThis is the CIRKUST\u00c4LT. Children love crawling inside it. It costs $19.95. Hard to find a bigger bargain anywhere. Click here.<\/strong><\/a>
\n\"IKEATent\"
\n<\/a>They also have an amazing collection of soft toys. Sample:<\/p>\n

\"panda\"
\n<\/a>Click here.<\/a>\u00a0<\/strong>Check out the wireless chargers. Click here.<\/a>\u00a0<\/strong>
\n<\/a><\/p>\n

Zara is great for kids clothes<\/strong><\/span>.\u00a0 This hoodie sweatshirt is 83% cotton.<\/p>\n

\"MickeyMouseSweatshirt\"<\/a><\/p>\n

$22.90. Click here.<\/strong><\/a><\/p>\n

\"HarryNewton\"<\/a>
\nHarry Newton, who has just spent three glorious days with these two joys, Eleanor and Peter. Tonight we go trick or treating. I’m dressing up as an exhausted grandfather, which I am.<\/p>\n

\"Chldren.\"<\/a><\/p>\n