Bitcoin Bonkers
Gill Fielding
Professional Property Investor - CEO of Fielding Financial - Public Speaker - Chartered Accountant
I don’t invest in cryptocurrencies – I don’t really get it or understand it and it turns out I’m not alone.
Apparently most people are baffled by Bitcoin and what is staggering is that, according to research by Oxford Risk, 36% of people who BOUGHT Bitcoin have either no understanding or a poor understanding of what it is.
What on earth are they doing!
That’s the definition of insanity as they have no idea what it is or what it may do and that’s why the FCA have become so concerned and banned Binance (one of the world’s largest crypto exchanges) from operating a regulated activity in Britain.
The Oxford Risk research found out that 35% of people investing in Bitcoin were doing so because they had read about big price increases.
That both saddens me and frightens me as many of these people are going to lose their savings – or their shirt – on an exciting newspaper headline.
That’s not the way to invest.
You need to at least understand what you’re investing in and why – and that’s why property tends to be the most popular investment for most people because at least they know what it is, and they can see it and kick it to make sure it’s still there!
Senior Product Operations Manager
3 年I believe that as in every field or investment doing your research and due diligence is key. Crypto currencies are a new trend that needs to be analysed, neither feared nor hyped by the trends of the masses. Personally I highly value your opinion Gill Fielding so would be great to see you putting some thoughts into this. Humble opinion.