BTC hits 60,000

You may have heard that Bit­coin has now hit over the 60,000 mark and on its way to 70.000.

Well it might do that but its not like­ly to do that in the next month.

(Of course you nev­er know)

The exact amount was some­what north of that 60 mark to about 60438 or there­abouts and if you are just tun­ing into Cryp­to be CAu­tious!

Yes, its up and Yes, it may keep going up but it also comes down.

We have seen it many times over the last few years.

It might be 60 today but tomor­row it could be 45,000

It’s not like­ly but it cer­tain­ly could be.

You see there is a lot of excite­ment about BTC and that makes peo­ple want to buy it.

The more buy­ers there are the high­er it goes.

The thing is some peo­ple are think­ing that hey this thing could go to 100,000 and I could dou­ble my mon­ey.

Well, you could but you could also lose part of all of your invest­ment and that is stan­dard boil­er plate legal terms but you know what when peo­ple read that includ­ing you and me, we do not think that it will ever hap­pen to us.

What we think is that it will not hap­pen to us because we’re smarter than those peo­ple who lose mon­ey and that might be true in some cas­es but even­tu­al­ly if you make enough mis­takes you will go for a ride and it’s not the good kind of ride either.

(dis­claimer)

This is not finan­cial advice, nor should it be con­sid­ered a sug­ges­tion it is just an opin­ion and an elab­o­ra­tion that car­ries lit­tle or no real val­ue except that you should always con­sult with a pro­fes­sion­al when decid­ing to invest or to not invest that is a deci­sion best made with valid licensed pro­fes­sion­al assis­tance. (This way you have some­one to Yell at and to blame if (God For­bid) some­thing does go south on you)

Giv­en the nature of how this works there are some peo­ple that are doing ok and some that are not doing as well.

You just have to do the research and be on the look­out for stumps that might show up in your way.

But most of all do this with mon­ey that you can afford to lose because you might lose it.

Just ask your­self if some­thing hap­pened and this mon­ey was gone would I find myself in a bind?

Sure you would shed some tears and go through all the stages of mon­e­tary grief but in the end if you lost a few hun­dred bucks would you have a hard time pay­ing bills?

That is the real ques­tion you need to find out when you first start to think about invest­ing.

That is why you need to have some­one that is licensed to help you out because they will take you through what you have and what you spend and what you have saved and IF it makes sense for you to even get start­ed.

If you are going from pay­check to pay­check bare­ly scrap­ing by it real­ly does not make sense to try to invest because your not in the right place finan­cial­ly, (dis­claimer, this is not finan­cial advice)

You can always do some research about bud­get­ing what your spend­ing now and how you can make changes that would put you into a bet­ter finan­cial posi­tion.

I recent­ly saw a post in a forum where this guy said that he Quit Smok­ing and that now he puts all the mon­ey that he used to spend on cig­a­rettes, into bit­coin.

Ok, That is a good exam­ple of think­ing out­side the box.

Chances are you can find with help oth­er ways to do the same thing.

Instead of buy­ing $6 dol­lar cof­fee every day, drink water, or brew your own cof­fee.

See the for­est, now see the trees.

That is still not advice, it’s just a clever method of modal­i­ty.

For­est Meet Trees… (could not decide between them) so you get both at the same time…