A reader remarks on bitcoin:
I just wish I had bought some Bitcoins back in 2012 – 2016 when I was actually thinking about doing so.
Hindsight and so on – but, to be honest, I’m glad I did not. I prefer my investing theses, as ill-formed as they sometimes can be, to at least have some sort of virtue working for them – a good or a service that makes sense.
Bitcoin has yet to charm me, as readers of this thread know.
So I don’t like the idea of the emotional anguish that might have beset me for being invested in something that still seems to provide a weakly needed service.
Speaking of, it supposedly had a bit of a recovery today. Here’s a trailing nine month chart from Buy Bitcoin Worldwide:
It has a ways to go to reach its previous high, and it’s not at all obvious that such a price is in reach, what with the Chinese affirmation of hating on cryptocurrencies.
WaPo has a new article for masochists.
And, no, I have no real idea where bitcoin is going next.
