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Friday, March 16, 2018

Bitcoin Update - John McAfee's Bet for $500,000 in Three Years

I look at Bitcoin as a trading vehicle and not an investment but a SPECULATION. 
Last year Bitcoin went from $1,000 to $20,000 and we heard a lot of cheer leading from speculators hoping to get others to buy.
This year it crashed to under 6,000 before recovering "some" to about $8,500. 
 Are the bitcoin supporters out there still buying or have you taken your lumps (or profits) and moved on?

Last year on July 17, 2017, self proclaimed "Crypto Proponent" and founder of McAfee Antivirus software now owned by Intel (INTC), John McAfee said he would "eat my dick" if Bitcoin did not move "above $500,000 in three years."

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 March 2018 
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  • It is called "Bitcoin" not "Bit Coin"
  • Current Quote on Google and Barchart

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