Julio Borroto, CPF
2 min readJul 1, 2022

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I am not sure of your analysis of Bitcoin (Cryptocurrency), comparing it to actual companies that produce products and can give you a return. Bitcoin is a production of those that toss their money into a pit where it grows on the bases of trust. As I trust that you won’t pull out your millions before I do so, please keep it there until I am ready.

I am a long-time investor, and I invest in companies that I trust and offer me dividends on shares, regardless of how low it goes, and I Option my shares to tap into gains and losses. Bitcoin and any other crypto won’t ever provide you that. Even the ETF are questionable. It's just people pumping people for money, and the banks can afford a loss of 1 to 2%.

And it was insane comparing Bitcoin to the home cost investment to appreciation comparison. I am a homeowner and know the plus of owning a home. I will let you in on a little secret; I have little to lose as an investor of Bitcoin, and you can invest as little as five dollars if anyone jumps in. But allow me to be clear, those that support cryptocurrency are a prayer away from losing it all.

No, I don't hate crypto. As long as those Digi-coins lovers pump crypto and get more people to toss money into the pit. It has a chance to grow. Since many don't research, they all fall prey, and that's a good thing, right.

The banks know that too. It's interest growth for banks; they want this growth to happen so that they can borrow and lend and gain interest on that loan. It's not that banks will put gains back. Knowing when to pull out is far from being a dumbass because you can jump in at any time and pull out, call it, shorty. Yes, that's me.

My other point is that reputable companies send out a report as far as how they are doing financially, then you can make an educated decision as to whether or not to pull out; Bitcoin and other cryptocurrencies do Not tell you if this week's production is falling and falling, it is a surprise with Bitcoin. With

Bitcoin, someone on the other side of the world, will and can grab your funds. Banks use an algorithm that accesses their activity and pulls it out at a safe time. The regular guy tossing their money to become affluent does not have that ability.

Again, I don't hate Bitcoin. I love it, and knowing that it is being pumped to high heaven because no one bothers to jump deep to educate themselves is the best thing in the world.

Good luck, fantastic article and please buy more crypto.

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Julio Borroto, CPF
Julio Borroto, CPF

Written by Julio Borroto, CPF

🧸 Stay at Home Dad🍼 I have a Personal Financial Certification, and I want to teach you how to Survive on a Shoe String Budget.

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