Comments by "roachtoasties" (@roachtoasties) on "CNBC Television"
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People are being burned because they listen to "experts" like Tom Lee who keep repeating the same line: "Bitcoin will zoom" and then quote some astronomical price prediction. People then believe this thinking this guy knows something more than they do. The thing is, these are only guesses, that they base on an assortment of theories. My guess, your guess, anybody's guess, are as good as the "experts." The thing to keep in mind is Bitcoin, and all the other Altcoins out there, have yet, and may never be, a dependable currency. Right now it's a bet, like going to the casino. You may be right, or you may be wrong, and you got to be prepared for eventual losses if you are wrong. That said, Bitcoin is not really a deflationary currency, based on a limited supply. Every time this cryptocurrency forks, others do, or other cryptocurrencies are created, the supply increases. All this supply then fights for the same dollars (or whatever currency) people might want to throw at them. We're now awash in crypto.
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