Why I Won't Buy Bitcoin

newsfeedback@fool.com (Matthew Frankel), The Motley Fool
Sun, 02/18/2018 - 6:32am

I follow the cryptocurrency markets closely, and I've bought bitcoin in the past. However, I haven't owned any bitcoin for more than a year, and while I may have missed out on the huge rally in late 2017, I simply can't bring myself to buy $10,000 bitcoin. Here's why I don't think bitcoin makes sense as a payment method, store of value, or long-term investment at its current lofty price tag. To be clear, I have bought (and mined) bitcoins in the past.

NEXT
Topics:  source   images   buy bitcoin   bitcoins   bought   digital   
BING NEWS:
  • Amazon Great Summer Sale: OnePlus Pad available for under ₹30,000 in India. Should you buy?
    With a ₹2,000 coupon and up to ₹5,000 discount with ICICI bank credit card on Amazon, the OnePlus Pad is now priced at ₹26,999, making it a compelling option in the tablet market.
    05/3/2024 - 8:53 pm | View Link
  • Want $1 Million in Retirement? 3 ETFs to Buy Now and Hold for Decades.
    Let's stick with the theme of new asset classes. Sometimes, investors want passive income and aren't necessarily interested in maximizing price-based returns. The iShares 20+ Year Treasury Bond ETF ( ...
    05/3/2024 - 8:25 pm | View Link
  • 1 Wall Street Analyst Thinks Super Micro Computer Stock Is Going to $1,000. Is It a Buy?
    Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium ...
    05/3/2024 - 8:10 pm | View Link
  • Can you buy a house if you make less than $100,000? Yes — in these 10 metro areas.
    Dreaming of buying a house in today’s challenging real estate market? In this economy, you’ll need to make at least six figures — in most markets.
    05/3/2024 - 12:54 pm | View Link
  • Rays discuss buy-in for City Connect uniforms
    Rays manager Kevin Cash and Zack Littell discuses the buy-in by players for the team's City Connect uniforms and their choice of colors ...
    05/3/2024 - 12:36 pm | View Link
  • More
BING SEARCH:
  • Top Deals and Featured Offers on Electronics
    Shop Top Deals and featured offers at Best Buy. Find great deals on electronics, from TVs to laptops, appliances, and much more.
    05/3/2024 - 4:36 am | View Website
  • Facebook Marketplace: Buy and Sell Items Locally or Shipped
    Buy or sell new and used items easily on Facebook Marketplace, locally or from businesses. Find great deals on new items shipped from stores to your door.
    05/3/2024 - 1:01 am | View Website
  • Electronics, Cars, Fashion, Collectibles & More | eBay
    Shop now. Buy & sell electronics, cars, clothes, collectibles & more on eBay, the world's online marketplace. Top brands, low prices & free shipping on many items.
    05/2/2024 - 11:57 pm | View Website
  • Amazon.com. Spend less. Smile more.
    Free shipping on millions of items. Get the best of Shopping and Entertainment with Prime. Enjoy low prices and great deals on the largest selection of everyday essentials and other products, including fashion, home, beauty, electronics, Alexa Devices, sporting goods, toys, automotive, pets, baby, books, video games, musical instruments, office supplies, and more.
    05/2/2024 - 9:55 pm | View Website
  • Buy iPhone
    AT&T iPhone 14 Special Deal: Buy an iPhone 14 128 GB and get $514.36 in bill credits applied over 36 months. Buy an iPhone 14 256 GB and get $434.36 in bill credits applied over 36 months. Buy an iPhone 14 512 GB and get $454.36 in bill credits applied over 36 months.
    05/2/2024 - 4:26 pm | View Website
  • More
NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News

  • This multi-software Microsoft bundle is only $79.97
    Mashable, Saturday - 05/04/2024 - 05:00 AM

    TL;DR: Through May 5, get more accomplished with this Microsoft bundle featuring Office, Project, Visio, and Windows 11 Pro, on sale for $79.97. Technology is an ever-evolving beast, and we must keep up with the changes to avoid falling behind. This Microsoft bundle has the latest programs and a modern operating system that will help you increase your overall productivity.

    More | Talk | Read It Later | Share
  • Learn to code at home with this $40 bundle
    Mashable, Saturday - 05/04/2024 - 05:00 AM

    TL;DR: Through May 5, this Learn to Code course bundle is on sale for just $39.97, so you can become well-versed in coding. In the rapidly evolving world of tech, Artificial Intelligence (AI) and conversational models like ChatGPT are busy transforming industries, from technology to healthcare. Understanding and leveraging these technologies can lead to career opportunities.

    More | Talk | Read It Later | Share
  • How to watch Game 1 of Denver Nuggets vs. Minnesota Timberwolves online for free
    Mashable, Saturday - 05/04/2024 - 05:00 AM

    TL;DR: Stream Game 1 of Denver Nuggets vs. Minnesota Timberwolves in the NBA playoffs for free on Ran.de. Access this free streaming platform from anywhere in the world with ExpressVPN. The NBA playoffs are in a constant state of flux. The power balance is always shifting, as teams slowly show their true colours when it matters most.

    More | Talk | Read It Later | Share
  • Explore nature's tiny wonders with a pocket microscope on sale for just $80
    Mashable, Saturday - 05/04/2024 - 05:00 AM

    SAVE $20.03: Through May 5, delight in small wonders with a portable handheld pocket LCD microscope with a 4-inch screen on sale for $79.97, down from its regular price of $100. That's 20% off. Opens in a new window Credit: Mesay Portable Handheld Pocket LCD Microscope with 4" Screen $79.97 at the Mashable Shop $100.00 Save $20.03 Get Deal Our lives move very fast, and it can be difficult to remember to slow down and enjoy the world around you.

    More | Talk | Read It Later | Share
  • Apply to 1,000 jobs in one click with this $60 tool
    Mashable, Saturday - 05/04/2024 - 05:00 AM

    TL;DR: Through May 5, get lifetime access to LazyApply Job Application Basic on sale for $59.97 (reg. $149). In today's super competitive job market, securing a job requires not only the right skills and qualifications but also an efficient approach to applying. The LazyApply Job Application Basic offers a lifetime license for only $59.97 (reg.

    More | Talk | Read It Later | Share
  • Loneliness isn't only a teen or adult problem. Little kids feel it, too.
    Mashable, Saturday - 05/04/2024 - 05:00 AM

    To be human is to be lonely at some point in life, but there's an important caveat: We typically think of isolation and loneliness as an adult or teen mental health experience, not one that happens to young children. Yet a new nationally representative survey of 1,000 girls commissioned by the Girl Scouts of the USA (GSUSA) offers striking evidence to the contrary.

    More | Talk | Read It Later | Share