Bitcoin speculating

Performance Property Real Estate Question

Bitcoin A Better Investment Than Real Estate Now?

Q: Is Bitcoin A Better Investment Than Real Estate Now? Kevin, Nyack, NY A: Interesting question, Kevin.  Before I answer your question, I want to draw a distinction between investing and speculating.  Bitcoin investors, despite all the money that SOME of them have been making lately are speculators.  Speculation is different than investing.  I don’t speculate, I invest.  That doesn’t mean that you can’t make money speculating–you certainly can, just like you can make money at the casino or the race track.  However, the likelihood of losing money is much higher when you speculate unless you are very lucky and very disciplined. Warren Buffett’s mentor, Benjamin Graham defines an investment in his 1934 classic, “Security Analysis” as “one which, upon […]

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