In recent days, the price of Bitcoin has risen again, but only for a very short time. After it rose to an all time high in December, it plummeted very steeply. It rose a little a few days ago, but yet again, it plummeted to earlier price.
Paul Mampilly says that if you want to make smart investments, you should stay away from Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin Gold, Tron, Cardano, Dash, Ripple, or any other cryptocurrencies that are out there. He believes that there are too many risks that are involved with trading and investing in Bitcoin and other cryptocurrencies.
Not only is there a chance of a steep drop soon after you invest your money, but Paul Mampilly believes that there will be a total crash afterward. He predicts that it will happen before you know it.
Paul Mampilly believes that the Bitcoin crash will be similar to the crash of the dotcom bubble in 1999. Then, there was no real reason the stocks were rising so high. It was all because of the frenzy of people who thought that they could become rich. The same applies to Bitcoin. It is even worse in regards to Bitcoin, because at least during the dotcom bubble, the stocks that were rising were stocks that belonged to major companies in the Nasdaq index, including Qualcomm. Bitcoin is something that has nothing substantial to it.
Instead, Paul Mampilly believes that now is the best time to invest in the stock market. He believes that the stock market will soon start seeing all time highs. It is already seeing all time highs, but Paul Mampilly believes that this will only continue until the Dow Jones reaches an all time high of fifty thousand.
He believes that if you do decide to invest in Bitcoin, you are very likely to lose all your money. A lot of people have taken out mortgages on their home in order to invest in Bitcoin and have lost a lot of money. These people may never be able to recover the thousands of dollars that they lost.
Paul Mampilly has twenty five years of experience on Wall Street. He made so many smart investments that he was able to retire at the age of forty two. He decided to start helping Main Street Americans invest in stocks, so he started Profits Unlimited.
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