Bitcoin Mania Sweeps the Globe

12.12.2017 • Switzerland

Olivier Perrin – The Brave Little Economist (Switzerland) –

Dear reader,

Bitcoin just spent  $ 15,000 .

It grew by 50% in one week.

Even   Mr. Arnault’s Les Echos stopped their favorite crypto-bashing sport and finally conceded that Bitcoin should be  taken seriously .

This is also the most read article of the site for 3 days.

Such a progression is accompanied by a monumental risk. The famous bubble Bitcoin ready to explode since he spent the thousand dollars …   At 15 000 is still waiting.

But is this really true of your perspective? 

Say you put 10,000 euros on the stock market hoping for 10% gain in one year. You also take the risk of losing 10%. You risk 1,000 euros to hope to win 1,000 .  

Bitcoin has grown by 2,000% in one year and as you can see, it has a tendency to accelerate.

If you want to win 1,000 euros, as in the previous case, just invest …  50 euros  ! Of course the risk is also that Bitcoin loses 2,000% … Or even that it disappears and you lose your 50 euros.

For the same gain you must:

  • Risk 1,000 euros on one side … And immobilize 10,000.
  • On the other hand you risk 50 euros … and you immobilize … 50 euros. No need to be Croesus.

This is the reason why I think that people who have 10,000 euros in insurance should put at least 50 euros in Bitcoin.

If you do not know how, click here.

To your good fortune,

Olivier Perrin


-Read more at (French)-

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