Rolex Forums - Rolex Watch Forum - View Single Post - BITCOIN: How does it work. Can someone simplify this phenomena

mcorliss · 8 December 2017, 04:28 PM

BitCoin is grounded in the bigger fool theory...literally. The early smart(er) money scammers promote it to drive up the price. Human nature (greed) then takes over and draws in all the woeful suckers (dumb money) to be left holding the empty bag. P.T. Barnum was definitely right!

If you want to speculate in an area with explosive growth potential and with solid financials, look at one of the top three publicly-traded Canadian Cannabis companies: Aphria Inc, Canopy Growth, and Aurora Cannabis (each with existing market values between $1.5-2.5 Billion). Their stock prices have already tripled this year, and will likely do the same in 2018 when Recreational Adult-Use Cannabis is finally launched in Canada before Summer 2018.

They are already the largest Medical Cannabis companies in the world and have even begun shipping products into Germany, Italy, Australia, Argentina, Uraguay, Mexico, and many other countries legalizing marijuana nearly every month. The U.S. is woefully behind the curve on Cannabis, and that gives Canadian companies like Aphria Inc. a huge first-mover advantage in establishing key supplier/client/customer relationships and developing recognizable brands. Constellation Brands (maker of Corona, Svedka Vodka, Kim Crawford Wine) has already made a $200MM investment (with warrants to purchase another $200MM) in Canopy Growth to produce Cannabis beverages. Look for other multinationals from the beverage, tobacco, and candy industries to make additional large strategic investments or outright acquisitions in the aforementioned three companies.

The whole Cannabis and Industrial Hemp industry is expected to be THE fastest growing industry over the next 5-10 years. Personally, I’ve already made over half million dollars with several Cannabis companies since April, and still have over a million dollars of exposure via my Aphria Inc. shares. 2018 is going to be an interesting ride for both...publicly-traded Cannabis companies and BitCoin...although I expect them to trade in completely opposite directions.

Choose your investments wisely!!

8 December 2017, 04:28 PM	#37
mcorliss "TRF" Member Join Date: Dec 2012 Real Name: M Location: Boston Posts: 1,024	Avoid BitCoin like the plague. Better investment alternatives. BitCoin is grounded in the bigger fool theory...literally. The early smart(er) money scammers promote it to drive up the price. Human nature (greed) then takes over and draws in all the woeful suckers (dumb money) to be left holding the empty bag. P.T. Barnum was definitely right! If you want to speculate in an area with explosive growth potential and with solid financials, look at one of the top three publicly-traded Canadian Cannabis companies: Aphria Inc, Canopy Growth, and Aurora Cannabis (each with existing market values between $1.5-2.5 Billion). Their stock prices have already tripled this year, and will likely do the same in 2018 when Recreational Adult-Use Cannabis is finally launched in Canada before Summer 2018. They are already the largest Medical Cannabis companies in the world and have even begun shipping products into Germany, Italy, Australia, Argentina, Uraguay, Mexico, and many other countries legalizing marijuana nearly every month. The U.S. is woefully behind the curve on Cannabis, and that gives Canadian companies like Aphria Inc. a huge first-mover advantage in establishing key supplier/client/customer relationships and developing recognizable brands. Constellation Brands (maker of Corona, Svedka Vodka, Kim Crawford Wine) has already made a $200MM investment (with warrants to purchase another $200MM) in Canopy Growth to produce Cannabis beverages. Look for other multinationals from the beverage, tobacco, and candy industries to make additional large strategic investments or outright acquisitions in the aforementioned three companies. The whole Cannabis and Industrial Hemp industry is expected to be THE fastest growing industry over the next 5-10 years. Personally, I’ve already made over half million dollars with several Cannabis companies since April, and still have over a million dollars of exposure via my Aphria Inc. shares. 2018 is going to be an interesting ride for both...publicly-traded Cannabis companies and BitCoin...although I expect them to trade in completely opposite directions. Choose your investments wisely!!