JIM ROGERS TALKS BITCOIN & CRYPTOCURRENCY – "I Wish I Had Brought Bitcoin"
Stripe, the mobile payment processor with a $9 bln valuation, has announced that it is officially winding down its Bitcoin integration. Over the next three months, Stripe customers will be encouraged to migrate away from Bitcoin payments. After that, Bitcoin will no longer be accepted at all.
Stripe made waves in 2015 when it fully integrated Bitcoin, allowing all vendors who use the platform to accept Bitcoin payments. Many saw this as a sign of impending mainstream acceptance of Bitcoin as a payment method, but high fees and slow transaction confirmations have hobbled the network. While Keiser cites Dash as a more viable payment network than Bitcoin, Stripe cites several other currencies as contenders:
“OmiseGO is an ambitious and clever proposal; more broadly, Ethereum continues to spawn many high-potential projects. We may add support for Stellar (to which we provided seed funding) if substantive use continues to grow. It’s possible that Bitcoin Cash, Litecoin, or another Bitcoin variant, will find a way to achieve significant popularity while keeping settlement times and transaction fees very low.” 50 Cent made one of the best business decisions in music over the past four years – all thanks to Bitcoin.
"When we have the bear market, a lot of people are going to find that, ‘Oh my God, I own an ETF, and they collapsed. It went down more than anything else.’ And the reason it will go down more than anything else is because that’s what everybody owns."
Jim is a legendary investor, best-selling author and Guinness World Record holder. So when he speaks, smart investors listen.
Today, we’re sharing a few more of Jim’s insights… on fear in the market, how to buy gold and the one sector Jim is bullish on today…
How being “fearless” is good… sometimes
Millennials (or, for that matter, young people – regardless of the generation) often get a bad press. But, in a bull market, Jim Rogers believes that under-35s can make serious gains because of their fearlessness.
“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble, because they’re ’fearless‘. To youthful investors, a bull market will never end…”
Now, that’s great in a bull market. But in stormier weather when things are going south, Jim thinks that older (and perhaps wiser) heads should take the helm because fearlessness can be very dangerous in a bear market.
As Jim says, most of these under-35s don’t know why they made money in the first place. So they don’t know why they lose money. Rogers noted that he bought gold "a long time ago" and has not made any serious purchases since 2010. "jim rogers" money wealth investor investment world 2017 2018 "united states" usa europe trade bitcoin "natural resources" commodities "trade commodity" future history agriculture market markets "stock market" farming economy forex "forex trading" energy power healthcare "health insurance" medicare education university debt bank banking "bank account" savings "savings account" gold silver "silver coin" "buy bitcoin" "bitcoin trading" safe haven offshore business rich "I'm not buying gold and have not bought gold. I own gold and have owned gold for years, but I'm not buying or selling it at the moment."
"If and when gold goes down a lot, or under $1,000, I hope I'm smart enough to buy more gold because in the end, gold is going to go up a lot because when people lose confidence in governments and paper money, they always put their money in gold and silver." "Jim Rogers" Bitcoin Invention Bank Banking Savings "Bank Account" Change Money Cashless "iPhone App" "Digital Currency" Cryptocurrency 2018 2019 future Crypto Smart "Smart Money" UK Exchange Litecoin "Alt Coins" Coins Investment Invest Gold "Forex Trading" "sell Gold" Markets Trade Trading "Buy Bitcoin" wealth stocks shares bubble ICO Talking the crypto currency craze, Rogers said he wishes he had been smart enough to buy bitcoin five years ago or even as recent as five months ago. The digital currency is up some 300% since the start of the year, last trading over $3,900.
"[Bitcoin] sounds like a bubble and looks like a bubble, but don't ask me because I missed the whole thing," Rogers said. Talking the crypto currency craze, Rogers said he wishes he had been smart enough to buy bitcoin five years ago or even as recent as five months ago. The digital currency is up some 300% since the start of the year, last trading over $3,900.