Bitcoin investing advice and warning from former miner Alex Pickard - Business Insider

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A Wall Street research chief who previously mined bitcoin warns it's plausibly a bubble and 'likely manipulated' — and shares 3 guidelines for investing with caution

Alex Pickard of Research Associates says many bitcoin investors don't understand what the currency is today — and says he didn't, either, when he quit his former job to became a bitcoin miner.

, when he was 25 years old. It was a small investment, and it worked well. As he learned more about the digital currency, he grew more enthusiastic. He made a much bigger investment in 2015, at prices he says were between $400 and $700 per coin. This is far from a sob story. Pickard made a very healthy profit on his investment, and today he's the vice president for research at. He tells Insider he's owned the currency on and off since then, although he currently owns no bitcoin and does own a small amount of a spinoff cryptocurrency, bitcoin SV.

 

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2 things about Bitcoin 👇👇👇

ok chief...

No wayyyyy

FUD or WW3 Chinese gov’t using Bit-Z- Tether to manipulate prices? Get that US stimulus and then crash prices? Or FUD

“Plausibly bubble.. likely manipulated.”” 🤣🤣 Oh, what an “insightful” news.. Ok, i’m selling that immediately..😂😂

he only wants to buy cheaper

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Bitcoin is the biggest mania since Tulipmania.

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