In my recent article on our financial resolutions for 2018 I mentioned I did not want to invest in bitcoin, or any other cryptocurrencies, this year.
It’s not because I’m against making money.
It’s not because I don’t see the potential value in blockchains.
And it’s not because I think all cryptocurrencies won’t have any value five years from now.
But there are several reasons why I’d personally be very uncomfortable investing in cryptocurrencies right now, which I’ll outline below.