Investing (shares)

The day my Facebook feed went feral

Let me show you how not to write a Facebook post. Almost a year ago to the day, I wrote a post warning that cryptocurrency was in a bubble. See, at the time, there were a lot of hairy claims being spruiked by investment newsletters, like: “$642,245 for every $10,000...

Investing (shares)

$642,245 for every $10,000 invested?

Question: if you’d bought $1,000 worth of Bitcoin in July 2010, how much would it be worth today? (a) $1,430 (b) $143,000 (c) $1,430,000 (d) $14,300,000 (e) $143,000,000 The answer? … ‘(e)’ Yep, $143 million (that’s nearly enough money to buy a decent three-bedder in Toorak). Staggering figures, but true...