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"It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
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[quote:Anonymous Coward 75757304:MV8zNzE1NzcyXzY2NDcwOTgwXzlBRTFFQTFD] [quote:Goneviral:MV8zNzE1NzcyX0YxRjEzMjhC] "We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission. "This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in." "You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know," Innovation in technology always outruns regulations: Joseph Borg https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html [/quote] [quote:Eyeball Replacement:MV8zNzE1NzcyXzY2NDU5MzkwXzg5QTU0MjYx] Wow. That is all. [/quote] [quote:Anonymous Coward 75636000:MV8zNzE1NzcyXzY2NDU5NDEzX0REM0E4RjU2] SUSTAINABLE GROWTH!!!!!!! [/quote] POP! as the chinese weasel DUMPS BITCOIN? [/quote]
Original Message
"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.
"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."
"You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know,"
Innovation in technology always outruns regulations: Joseph Borg
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link to www.cnbc.com (secure)
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