497: Why Bitcoin is Stupid - 2 by Mr. Money Mustache

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 23 January 2018

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mr. Money Mustache shares his opinion about Bitcoin. This is Part 2 of 2. Episode 497: Why Bitcoin is Stupid - 2 by Mr. Money Mustache (Cryptocurreny & Financial Advice). Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure. He and his wife studied engineering and computer science in Canada, then worked in standard tech-industry cubicle jobs in various locations throughout the late ’90s and early 2000s. Then they retired from real work way back in 2005 in order to start a family. This was achieved not through luck or amazing skill, but simply by living a lifestyle about 50% less expensive than most of their peers and investing the surplus in very boring conservative Vanguard index funds and a rental house or two. The original post is located here: https://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:28.0	This is Optimal Finance daily episode 497.
0:33.8	Why Bitcoin is stupid part two by mr mr moustache of mr mr moustache dot com
0:39.7	today's post is a continuation from yesterday so if you're new here I would definitely
0:43.8	recommend listening to yesterday's episode before today's but if you're all
0:47.0	caught up let's hear part two and continue optimizing your life.
0:55.0	Why Bitcoin is Stupid Part 2 by Mr Money Mustache of Mr Money Mustache.
1:00.0	com
1:01.0	So I also read a lot about investment bubbles and fundamentals and how to tell those apart.
1:07.0	One book that I found very useful in understanding the greed, fear cycle, and central banking and the Federal Reserve System to boot,
1:13.0	is the 2001 Classic Towards Rational Exuberance by Mark Smith.
1:17.0	For a shortcut to understanding good investing,
1:20.0	you can also simply look up Warren Buffett's thinking on almost any topic.
1:23.6	He's careful enough about offering opinions that by the time he makes a statement on something,
1:27.7	you can be pretty sure it'll be among the best answers out there.
1:31.0	And of course, the purpose of this whole aside is that I want to establish
1:33.9	credibility with you so you will give this article some consideration. I believe
1:37.8	the current cryptocurrency investment mania is a huge waste of human energy and our
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