The question we’ve started getting more than any other, from people who are pros at investing to folks who want to start from scratch is, “Should I buy Bitcoin? You guys own Bitcoin, right?”
Bitcoin and other cryptocurrencies have been getting a lot more news lately as valuations have skyrocketed and plummeted, and people who don’t normally pay attention to niche tech things are digging into concepts like what a blockchain is. (We also suspect that some of our colleagues think we were able to pull off this whole early retirement thing by striking it big with Bitcoin. Nope.)
I’ve purposely never written about Bitcoin before because, well, I don’t live my life to invite hatemail. 😉 People who love Bitcoin looooooooovvvvvvve it. Some are evangelists, proselytizers and zealots. Those folks don’t want to hear a bad word against it.
If that’s you, and you don’t want to read criticism of Bitcoin, then this isn’t the post for you, because:
We don’t buy Bitcoin or any cryptocurrency.
And, frankly, if you give a damn about your own financial security, we don’t think you should either.
But I’m early retired now and have more time to tackle the contentious issues (and hatemail), so let’s do this. 😉 Let’s talk about why we’re not fans, like, at all.
this article on Our Next Life.