Guo Hao Teo, Self-Taught Enthusiast at Personal Finance
Answered on 03 Oct 2019
This is a very good question, I'm wondering the same now.
Do people still own cryptocurrency and actually, anyone here bought crypto during the winter period (which is now)?
I'm personally leaning on the fence that this is a huge Ponzi scheme.
Hoon Thien Rong
14 Jan 2020
FYI, I still accumulate Bitcoin and Ethereum during this period. Agree that it could be a huge Ponzi scheme as whereby top China Bitcoin miners/owners collude and have to find a way to sell off as much BTC without the market value realizing and collapsing. Many people include Warren Buffett and Charlie still deemed it as speculative and not an asset. In my opinion, I just feel a crisis is going to come in our lifetime eventually and asset like Gold/BTC will outperform stocks or even REITS greatly.
Ashley Wong, Financial Assistant at Multi Management & Future Solutions
Answered on 15 Mar 2019
Yes, cryptocurrency investment can be considered. In 2016, the price of a bitcoin was $710.09. On February 21, 2019, the exchange rate for a single bitcoin was $3,890. So, you can do the maths and witness the amazing growth of cryptos.