11–20 of 191 posts
Didnt quite understand this quote - is he down on gold too?
Is it late now? I think wait a bit and then start DCA that portion of your portfolio.
"There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Genuinely asking, isn't this the plan for many people? How is bitcoin different than other commodities or property in this regard? Would Bogle say the same thing about those investments?
Equity in a company means you own part of that company.
Owning Bitcoin means you own a BTC.
"There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Genuinely asking, isn't this the plan for many people? How is bitcoin different than other commodities or property in this regard? Would Bogle say the same thing about those investments?
Raw land? Non-income-producing property? Gold? Not so much.
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
Over the past 7 years, Bitcoin has outperformed every security and portfolio that Jack Bogle has recommended.
"There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Genuinely asking, isn't this the plan for many people? How is bitcoin different than other commodities or property in this regard? Would Bogle say the same thing about those investments?
Bitcoin is different from all those things.
Over the past 7 years, Bitcoin has outperformed every security and portfolio that Jack Bogle has recommended.
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
Blockchain technology is not proprietary to bitcoin, so given this is fungible what value are you pricing in when buying bitcoin? Access to use bitcoin...
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
At least gold is used in jewellery and electronics. What is bitcoin used for, except ransomware?