Bitcoin Falls Further Than The Dotcom Crash

About 12 months ago, I posted a joke about Bitcoin on a Facebook page.

Plenty of people were very upset with me. Some sent me private messages, angrily defending the importance of investing in crypto-currency.

That was fascinating, in itself.

If somebody posted that index funds were garbage, most of us would just smile. We wouldn’t feel the need to defend what we have bought.

But when there’s already a niggling doubt, and people are “investing” based on speculation, they feel attacked by those who oppose their views.

About 12 months have passed since I wrote that post.

Image by Pixabay

Here’s my follow-up story.

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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2 Responses

  1. Jen says:

    I was very happy with my bitcoin and etherum trackers…but then I did only put €5000 in each..when they doubled..almost doubled…I took the profit and put that into my bond tracker. The original amt has now dropped to almost €1000…have to wait and see what happen over the next 30yrs..lol. I don’t regret it….but I then I only used money I had spare and did get the original amt back. Don’t do high risk stuff if losing it will give u sleepless nites.

    • Jen says:

      Update….so my €1000 in bitcoin tracker is now back to almost €4000. I’ll continue holding. (Be patient people..be patient….)

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