An outlay of AUD273500 for a return of AUD168000 in what can only be considered a speculative PLAY! If as history shows this volatile Bitcoin market reverses leaves Sma ...where?
The astute investor would be raising eyebrows and the market has indicated a negative to this development atm!
'The Bitcoin phenomenon is the purest manifestation of what Charles McKay described in his 1841 book Extraordinary Popular Delusions and the Madness of Crowds.
At the psychological level of the investor, there's no difference between bitcoins, tulips, railways, or the stock market bubbles of the 1920s, 1990s, or the mid 2000s.
In this case a lot of people are deciding a string of electrons are worth something, as opposed to nothing, and they want to sell it to the next guy as soon as possible.'...
http://www.bbc.co.uk/news/technology-25130261
SMA Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
