Everand Logo

Welcome to Everand!

  • Kiplinger

    7 Reasons Bitcoin Is Doomed

    by Steven Goldberg, Contributing Columnist, Kiplinger.com Mar 07, 2018 4 minutes

    Usually I have a fairly strong opinion about the stocks, bonds and funds I write about. I know I can be wrong -- my less-than-flawless track record demonstrates that. And I can't recall a time when I had such a strong opinion on an investment that I couldn't see the other side of the trade.

    But that was before Bitcoin and the more-than-1,500 other cryptocurrencies.

    These are a bubble -- in fact, one of the largest bubbles in human history. I am as sure as I can be of anything that they will get clobbered, and that all but the earliest buyers will lose a ton of money. Those who hold their cryptocurrencies likely will lose every penny they invested.

    In fact, my main worry about Bitcoin

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger3 min read
    I’ve Inherited a Lot of Money. Now What?
    It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie
    Kiplinger5 min read
    What You Need to Know About Life Insurance Settlements
    Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own
    Kiplinger2 min read
    Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide
    Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.  "Despite a quiet global economic data front, this weekend and Monday morning have been anythi

    Related Books & Audiobooks