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re: OT: anyone doing any investing in Cryptocurrency?
Posted on 12/13/17 at 2:31 pm to thirdlawson
Posted on 12/13/17 at 2:31 pm to thirdlawson
quote:
Whats a good beginning amount to invest?
In cryto? Whatever you are comfortable lightning on fire and never seeing again.
Posted on 12/14/17 at 7:18 am to JamalSanders
quote:
In cryto? Whatever you are comfortable lightning on fire and never seeing again.
This is the exact attitude to take.
Only invest what you're fine losing.
I started with about $6k a few weeks ago and have already turned about $3100 profit on ETH. Wife did about $2k on Ripple and has turned about $3k on that as well.
IMO, this is great for just making some free money really quick. This isn't likely to end up a major developer of wealth for anyone, long term, that is just now getting into it. The bubble is GOING to burst at some point. I do think crypto will still rebound, post-bubble-burst, to the current types of numbers but it won't be this immediate kind of cash grab like we're seeing now.
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