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

    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
    Kiplinger3 min read
    19 Best Stocks to Buy Now for High Upside Potential
    If the goal is to find stocks to buy when prices are lower rather than higher, it stands to reason that the time to go looking for the best stocks to buy is right now.  After all, the market is off by more than a fifth so far this year, which means i
    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

    Related Books & Audiobooks