ANDY BELL: Forget Bitcoin, my advice is to get rich slowly
Greed and ignorance are the lubricants that make the investment world go round. Currently, I cannot present a credible thesis as to why someone should invest in cryptocurrencies. It defies logic.
In recent months, we have also seen numerous novice investors using GameStop and other shares to hit hedge funds with what is known as a ‘short squeeze’.
A short what? Basically, a group collectively buying shares in an ailing company to force the price up beyond any common-sense valuation.
The hedge funds…
