Here is an Article I wrote on Bit Coin,
Many People have a Real FOMO issue with Bitcoin. Me Personally, I have Nothing against Bit Coin or the Technology behind it. I am staying away from it for my own reasons and research which I explain as you read further.
I had an order for Two Bit Coin Mining Computers back in 2011 at $19,000. each. At today’s Prices we probably would have made well over 100 to 150 Million Dollars with them. At that time no one could have possibly Foreseen or Predicted the Incredible and Meteoric Rise in the Price of Bit Coin in such a Short Period of Time. I even set up a State of the Art Solar System to Provide Free Electric to Run these Power-Hungry Mining Computers which was essential to offset the cost of Electricity as that alone could cost you more than what you would mine as Bit Coin only had a value of $1.00 each. I eventually cancelled the order as the Mining Computers were Continually Back Ordered due to issues, and with the Prices of Silver and Gold Skyrocketing, Putting $38,000. In Gold and Silver was a much better Investment at the Time Compared to Bit Coin and its New and Very Difficult to Understand and Comprehend Blockchain Technology.
You want some good FOMO?, In just Six Short Years, had we just bought 38,000 BTC at $1.00 each when we Cancelled the Mining Computers we would now have well over $304,000,000. Million Dollars Using an Approx. price of $8,000. Per the price of Bit Coin in November 2017.
But Not So Fast,
Where are all the people who made this This Type of Money on Bit Coin? People freak out and Panic Sell when their stock sells off 5%, Did they sell out each time Bit Coin shot up from nothing to $75.00 or $100.00 and right back down to less than $20.00 bucks? Did they Panic Sell when Mt. Gox shut down and it was found 744,000 BTC were missing, or when Silk Road went down the tubes after the FBI seized roughly 26,000 BTC during the arrest of alleged owner Ross William Ulbricht. Bit Coin has a Very Crazy and Checkered Past and it has been Very Volatile.
I look at it this way, Bitcoin can be hacked (Try to Hack Cash or Physical Gold and Silver), It is used for Money Laundering, Drug Trafficking, and Terrorism, even worse than all this is the issue that It cannot be controlled by the Fed, US Government, or Any True Government worldwide whatsoever. Bit Coin is basically not taxed and its just another form of Barter, but in a very sophisticated form. Its worth is what someone will pay or trade for it and in a nutshell is how it works.
If You think any Country other than North Korea or Iran is going to allow Bitcoin, or any other Crypto Currency Destroy the Worlds Very Manipulated, and Controlled Economy, Especially if you think for One Moment that the US and other World Governments will sit back and Watch Bit Coin Destroy the U.S. Dollar and all other Fiat Currency's Worldwide, Cause Kaos due to Taxes having to be raised across the board due to an incredible loss of Taxable Income, while the Missile and Nuke Crazyman with the Funny Haircut from North Korea, or Crazy Iran Dimwits who outsmarted Obama and Clinton, along with The Drug Cartels and other Terrorists become much Wealthier and Powerful than the U.S.and other World Governments by use of Bit Coin, I have a Prime Piece of NJ Swampland I will sell you really cheap.
But this is just my $304,000,000 Million Dollar Opinion, FOMO Sucks...
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