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Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza - Investment - Nairaland

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Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by ItzChinnex(m): 6:33am On Dec 29, 2018


According to experts from FinExpertiza consulting, the most profitable investment  this year was palladium. Meanwhist, the world most popular cryptocurrency bitcoin was tagged the most disastrous investment of 2018.

FinExpertiza’s research involved 14 investment instruments and 300,000 rubles ($4,330) as the basis sum, according to Rossiyskaya Gazeta.

The study found that bitcoin investors would have lost more than 213,000 rubles ($3,000) or 71.2 percent of the investment this year.

The most profitable investment of the outgoing year, according to FinExpertiza analysis, was palladium. The price of the precious metal has been hitting record highs lately, making it the best performer among major metals. With the 300,000 rubles invested, purchasers would have increased their capital by 30,000 rubles ($433), or 10.2 percent, by the end of the year.

“And if we look in retrospect, for example of two years, we will see that palladium, in general, has become the only metal with a positive return,” Nina Kozlova, general director of FinExpertiza, was cited as saying by the newspaper.

Once hailed as the future of money, bitcoin has lost more than 80 percent of its value since last year’s all-time high of $20,000.

Currently trading below $3,700, the cryptocurrency is likely to extend its losses to below $3,000, experts say.


Worth just a fraction of a penny in 2010, bitcoin has been hitting the headlines and attracting attention from everyone, including Warren Buffet, Bill Gates, and Jamie Dimon.

Bitcoin has divided opinion and has been called everything from a scam to the future of money.

The virtual currency has been declared dead 336 times now by 99bitcoins.com, a website keeping track of the crypto.

Source: https://mymarketdeal.com/2018/12/29/bitcoin-investment-worst-this-year-experts/

4 Likes 4 Shares

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Kingsleydr(m): 5:53pm On Dec 29, 2018
Remembered I wanted to buy 2 btc @The rate of $16200 each earlier this year or late last year or so ... Lol .. I for don go dark by now...

81 Likes 2 Shares

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Ajiswaggs(m): 5:53pm On Dec 29, 2018
R
Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by masterfactor(m): 5:53pm On Dec 29, 2018
absolutely correct

2 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by snowland(m): 5:53pm On Dec 29, 2018
True
Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by lilmax(m): 5:53pm On Dec 29, 2018
and this NL people with their bitcoin advert no go allow us hear word grin

83 Likes 5 Shares

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by ominilongest(m): 5:54pm On Dec 29, 2018
Z dz a joke grin
Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Badonasty(m): 5:54pm On Dec 29, 2018
ItzChinnex:


According to experts from FinExpertiza consulting, the most profitable investment  this year was palladium. Meanwhist, the world most popular cryptocurrency bitcoin was tagged the most disastrous investment of 2018.

FinExpertiza’s research involved 14 investment instruments and 300,000 rubles ($4,330) as the basis sum, according to Rossiyskaya Gazeta.

The study found that bitcoin investors would have lost more than 213,000 rubles ($3,000) or 71.2 percent of the investment this year.

The most profitable investment of the outgoing year, according to FinExpertiza analysis, was palladium. The price of the precious metal has been hitting record highs lately, making it the best performer among major metals. With the 300,000 rubles invested, purchasers would have increased their capital by 30,000 rubles ($433), or 10.2 percent, by the end of the year.

“And if we look in retrospect, for example of two years, we will see that palladium, in general, has become the only metal with a positive return,” Nina Kozlova, general director of FinExpertiza, was cited as saying by the newspaper.



Source: https://mymarketdeal.com/2018/12/29/bitcoin-investment-worst-this-year-experts/


I hear you

1 Like

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by rozayx5(m): 5:55pm On Dec 29, 2018
APC was the worst investment



wink cheesy cheesy cheesy

to the topic

bitcoin was not an investment
it was an e-currency
price goes up or down = u can still make your millions trading both ways
if you know you know,
anyway lets allow naives who held bitcoin thinking its fixed deposit to come and wail

82 Likes 5 Shares

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by SpecialAdviser(m): 5:55pm On Dec 29, 2018
I lost a lot
Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Delivar(m): 5:55pm On Dec 29, 2018
Nigerians and follow follow. I won't be surprised we will start seeing threads all over Nairaland about palladium as the latest thing.

24 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by maryjames9(m): 5:55pm On Dec 29, 2018
True
Monthly chart shows a bearish market from 18000 to 4000 but a quick view of daily chat shows that the bearish trend may be about to end. This week and may be the next may very well determine if the possible trend reversal signal to bulishness is a false trend reversal sign and we are still very much back into another round of massive downtrend or we are about to expect a bullish trend in the crypto market.

9 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by konkacid: 5:56pm On Dec 29, 2018
It's nose dive was concurrent with global stock market crash, though stock market not badly hit like BTC!

3 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by NotBeenPaid: 5:56pm On Dec 29, 2018




Mehn! This coin wrecked me no be small embarassed



5 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by chukzyfcbb: 5:58pm On Dec 29, 2018
Having those sec futures guy, killed everything.
How can u allow some group of people to make profit from shorting.
How then do you think Bitcoin will keep rising. Na that futures kill Crypto

13 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Lippy101: 5:58pm On Dec 29, 2018
Bitcoin disappointed me real bad.
Anyway life goes on.

4 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by millionboi2: 5:58pm On Dec 29, 2018
As far as I'm concern, crypto currency is a scam.

43 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by sunnywhyt007: 5:59pm On Dec 29, 2018
I’m also affected... d tin disappoint me pass Amaka

20 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by marvin906(m): 5:59pm On Dec 29, 2018
My 700k just hang for air ..
I just dey watch

37 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Tomoyayi(m): 5:59pm On Dec 29, 2018
I kukuma talk am buh trust some Nigerians, dem sey wetin I sabi.
grin

Tomoyayi:



WHAT IS BITCOIN?

*IT'S CALLED MONKEY BUSINESS* ������


A long time ago in a village far far away.......A lot of monkeys lived near the village.�������

One day a merchant came to the village to buy these monkeys!������

He announced that he will buy the monkeys @ $100 each. ��

The villagers thought that this man is mad.�

They thought how can somebody buy stray monkeys at $100 each?�

Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. �

This news spread like wildfire and people caught monkeys and sold it to the merchant.�

After a few days, the merchant announced that he will buy monkeys @ 200 each. ���

The lazy villagers also ran around to catch the remaining monkeys!������

They sold the remaining monkeys @ 200 each.�

Then the merchant announced that he will buy monkeys @ 500 each!
������

The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.�������

The villagers were waiting anxiously for the next announcement.�

Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!�����������

He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.������������������������������������������������

The merchant went home.�

The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.☹��

Then the employee told them that he will sell some monkeys @ 700 each secretly. �

This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.�

The next day, villagers made a queue near the monkey cage.������������������

The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
��������������������

The villagers took care of their monkeys & waited for the merchant to return. �

But nobody came! ...� Then they ran to the employee...�

But he has already left too !�

The villagers then realised that they have bought the useless worthless stray monkeys @ $700 each and they are now unable to resell them! ��‍♂��‍♂��‍♂��‍♂��‍♂��‍♂��‍♂���������� Nobody has use for stray monkeys....


The rush into trading in Bitcoin is the next *monkey business* ��������������


Once the trading stops who will want to buy a digital code with no intrinsic value?����������

It will make a lot of people bankrupt and a few people filthy rich in this *monkey business*����������. ��

That's how *Monkey Business* works ��������

130 Likes 14 Shares

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by NNEWIsuper: 6:00pm On Dec 29, 2018
they are right..I lost 1million naira in Bitcoin in 2018

8 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by kingofthemall: 6:00pm On Dec 29, 2018
sunnywhyt007:
I’m also affected... d tin disappoint me pass Amaka
Same here.

2 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Nobody: 6:00pm On Dec 29, 2018
The funniest part about this news is some one will still come and blame Buhari lol.

6 Likes 1 Share

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by kingofthemall: 6:01pm On Dec 29, 2018
NotBeenPaid:




Mehn! This coin wrecked me no be small embarassed




Which coin. Etn or doge
Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by tosyne2much(m): 6:02pm On Dec 29, 2018
millionboi2:
As far as I'm concern, crypto currency is a scam.
Because the value is sinking right?

You need to be properly enlightened bro

13 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Nobody: 6:02pm On Dec 29, 2018
Some people claim they made money through crypto investments. Lies

8 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by truthsayer009(m): 6:02pm On Dec 29, 2018
Kingsleydr:
Remembered I wanted to buy 2 btc @The rate of $16200 earlier this year or late last year or so ... Lol .. I for don go dark by now...

I'm happy for you oh my brother, I almost even lost $1,000 on top of this thing.

2 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by Lekan1o1: 6:03pm On Dec 29, 2018
marvin906:
My 700k just hang for air ..
I just dey watch

Wait u no fit withdraw? undecided
Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by helinues: 6:03pm On Dec 29, 2018
Yes oo.. Worst investment

@ 17th of Dec 2017, btc hitted $17,000

Today's current price is $3,800.

I was never moved when the price was skyrocketing, I got the warning earlier so I just overlooked. Gambling has not really be my thing.

Lucky me..

14 Likes

Re: Bitcoin Investment Named Worst Investment In 2018 - FinExpertiza by truthsayer009(m): 6:03pm On Dec 29, 2018
NNEWIsuper:
they are right..I lost 1million naira in Bitcoin in 2018

Hello Sir, How much did you did invest in Bitcoin totally this year ?

4 Likes 1 Share

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