Why You Should Avoid Bitcoin At All Costs Debt
The average credit card interest rate is hovering round 16 percent, and the average credit card debt per american is $5,325, according to debt statistics. if you invest in bitcoin and don’t turn it immediately for a profit, each month you’ll be charged interest on your credit card. if you don’t pay that bill, or even if you just fall. By robert stephens, cfa. bitcoin has experienced a surge over the past few years. indeed, five years ago it traded at around $450. today, it is priced at more than one hundred times that figure. Even though technological advances should be giving everyone the gift of a higher standard of living for less real cost, the incumbent monetary system must avoid deflation at all costs. in a world that is experiencing exponential technological growth, exponentially more stimulus and debt are needed to keep the system glued together. An even better reason to avoid digital currencies. according to a cnbc report, on wednesday, june 21, the price of ethereum cratered from $319 to $0.10 that's not a misprint; it really is ten. Here are 10 reasons you should avoid bitcoin like the plague. 1. bitcoin isn't really scarce. first of all, bitcoin is only as scarce as its programming dictates. whereas physical metals, such as.
Bitcoin Joke What Could Go Wrong
On wednesday, dec. 16, we witnessed the largest cryptocurrency in the world by market cap, bitcoin, blow past its previous high and eclipse $20,000 per token. in fact, bitcoin went on to also blow. Why should you always avoid debt? let’s look at some numbers: in 2016, the average american household had $134,643 in debt. for the households carrying credit card debt, the average american household had $16,748 in credit card debt, which cost them $1,300 a year in interest. $1,300. for. absolutely. nothing. Here's why you should avoid betting on enersys (ens) now fiscal 2021, its long term debt (net of unamortized debt issuance costs) remained high at $969.6 million. want to attach a 1,250%.
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