Buy Bitcoin Now? // Investing in cryptocurrency ethereum litecoin ripple monero dogecoin dash stocks 2017 mining startups companies for dummies cryptocurrencies buying bitcoins david moadel Bitcoin as a long-term investment should you do it now well I would never tell you what to do or what not to do with your money but I want to give you something to think about by the time your uber driver is telling you to buy something it's probably too late by the time CNBC has articles about how hot an investment is by the time entertainment industry celebrities are talking about how hot an investment is then it's probably too late because by then the run-up in the price has already happened the hype has already been priced in I want to give you a comparison do you remember in October and early November of 2016 everybody was saying it's time to buy marijuana stocks why because on November 8th there was going to be a referendum or vote in a number of states in the United in the United States about whether to legalize marijuana or not and so there was a lot of hype and there was a run-up in the prices of a lot of marijuana stocks because marijuana stocks tend to move together in price and CNBC was putting out articles like this this is before the votes happened investors seek high returns in marijuana stocks no matter who wins on Election Day cannabis will have a big day at the ballot box but again by the time your uber driver and nothing against uber drivers but by the time your Oberer driver is telling you to buy marijuana stocks because there's a vote coming up by the time CNBC is putting out articles like this it's probably too late the run-up in the price has already happened the hype has already been priced in and so soon afterwards October 25th 2016 I put out a video you can check it called marijuana laws and marijuana stocks investing how to trade them and in this video I specifically recommended that people not listen to the hype and not invest right now or at that time I should say in marijuana stocks you can check the video I specifically said that was not the time and in fact I recommended if anything that it would be could be a good idea to cash out part or all of your marijuana stocks investment again I I never tell people what to do or what not to do but that's that's what I recommend it at that time and let's see what happened this is MJ a which is a typical marijuana stock and this is pretty a pretty good representation of how all the marijuana stocks moved because they all pretty much moved together here it is running up to the election to the vote and then if people bought right here right about the time that these types of articles were recommending it well you would have bought for example MJ a you would have bought it around 23 cents a share and if you had held on right now it would be less than half of that your investment would have been cut in half or even worse so let's talk about Bitcoin here's where we are in Bitcoin right now as we can see the hype has been priced in and it's already starting to decline a little bit and we're starting to see CNBC articles like this Bitcoin may hit four thousand dollars by the end of the year this was said on June 1st right about right about where the little bit before the peak here and we're starting to see celebrities in the entertainment industry come out I'm not trying to pick on pitbull in particular by it when pitbull comes out and recommends or says good things about investing in Bitcoin but again this is kind of like by the time your uber driver tells you to invest in Bitcoin look if pitbull knows that bitcoin is hot if your uber driver and all the analysts know that bitcoin is hot well pretty much everybody knows it and the hype has already been priced in and it's already starting to go down if somebody had invested at the top almost at $3,000 now it's about $2,500 does that mean that it cannot go up more of course you can go up more but am I going to make a long-term investment in Bitcoin right now I am NOT it's up to you you can learn from history such as what happened to people who bought at the top here when the hype was at fever pitch and then held on for a long-term investment you can learn from history or you can take your advice from the analysts from CNBC from your uber driver and from celebrities it's up to you my name is David Modell if you found this video helpful please give it a thumbs up on youtube please leave comments and please subscribe to my youtube channel so you can receive the latest updates on my financial educational content and if you'd like some help with finance or investing or trading you can send me an email any time my email address is David Modell at gmailcom thank you so much for listening and I'll talk to you again soon you