A Conversation with Adam Back, Co-Founder & CEO of Blockstream
Bitcoin Rapid-Fire
00:00
Stock Investment Theory - Is Leverage a Good Trade?
The volatility is created by speculators and people who don't have ta stomach for volatility. And so i think ther's a lesson thati either don't use leverage, or cold store most of your coins to do it with a small percentage if it goes horribly wrong. You don't want to do high trate, high restrain strages with be rakes in one basket. But the end result is an investment class of people looking to monotise other things by sucking out their economic decisions. That's what it feels like at the moment as more people get accustomed to not getting shaken out on short-term market effects.
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