Tim Knowles
2 min readMay 30, 2021

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I expect that you have Bitcoin. You pumping assets you hold is kind of evil. You should not have specified Bitcoin and said crypto currency. When you give investment advice it is necessary to disclose your positions in products that you are advocating. Did you dump your holdings right after this article or did you suffer losses like anyone who took your advice.

I made a profit on my first two trades in Bitcoin but in this my third small money trial I am down by about 30%.

I just read something very disturbing. Ethereum is going to transition from Proof of Work to Proof of Stake. I think this will kill Bitcoin. Ethereum was already challenging Bitcoin as the crypo of the future. I am thinking of selling my Bitcoin to cut my losses and look for greener pastures.

You should be careful about this:

"Real inflation is already happening and most experts estimate that, in real terms, your money will lose 15% of its value every year for the next 10 years." Most experts estimate- who do you consider experts. If we are talking consensus experts, you know, the people most people consider experts then this statement is false.

Are you really saying that what I buy for $100 at the grocery store today will cost $500 in 10 years? Do you really think that could happen. I think long before those 10 years came to pass some sort of corrective action would take place in the economy. It might be something painful but I doubt holding Bitcoin will be the right answer but I am not an expert and I don't give financial advice. You on the other hand do.

How can your write this:

"If you do this for a few years, the return on your investment is guaranteed. 1000%." without some sort of emoji or something to indicate you don't mean this factually.

One thing about owning a house, I mean really owning a house, without a mortgage. When times are hard you have a roof over your head if you can pay the taxes. You could probably rent out a room to raise the tax money.

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Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

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