Bitcoin Block Chain Cryptocurrencies

Bitcoin Block Chain Cryptocurrencies

Buzz Words of 2017

I have been listening to all the buzz about the cryptocurrencies lately. While I sat with some colleagues a few days ago this was a major topic. While it is true that Bitcoin has shot to meteoric heights this year, so far, it's hard to tell if there is value or just hocus pocus. It was scary to hear how little is really understood by folks. Is this an investment or a gamble? When the price goes up is it because there is some new product, discovery or patent awarded? NO! 

This is a classic rise in price based entirely on what I call the greater fool theory. I see it in real estate often too. The so called wholesalers who get properties under contract with long feasibility periods only trying to flip the contract for a profit. Without someone willing to pay more than you are paying there is not value to the contract that will undoubtedly be terminated within the feasibility period. 

Bitcoin has no real value in it's self. This was made up from whole cloth as a way for people to have some "money" held outside the normal banking systems. Some saw and used it to launder money while others used it for blackmail. The value is what the next fool will pay. As long as there is another fool paying even more then it will go up I suppose. When this current trend fails I fear that there will be a catastrophic plunge in price and many will lose their gains or even their principle.  

Good Luck...

Morris “Bill” Austin ~ 512-709-6343 ~ [email protected]                                     

Prompt Professional Service ~ Local Knowledge ~ Experienced

REALTOR® Since 2007 ~ Team Price Real Estate

Bill Austin Headshot
Phone: 512-709-6343
Dated: December 21st 2017
Views: 98
About Bill: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Fall Is A Great Time To Buy A Home - Here are four great reasons to
Austins New Uptown Downtown - Austin’s New Uptown
PFLUGERVILLE HOME FOR SALE OPEN HOUSE - Fantastic home, with no carpet, a
4705 Hilldale Dr Austin Tx 78723 - Open House Saturday and Sunday 12

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Team Price Inc.
7320 N Mo-Pac Ste 305
Austin, TX