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re: OT: anyone doing any investing in Cryptocurrency?

Posted on 12/13/17 at 2:31 pm to
Posted by JamalSanders
On a boat
Member since Jul 2015
12135 posts
Posted on 12/13/17 at 2:31 pm to
quote:

Whats a good beginning amount to invest?


In cryto? Whatever you are comfortable lightning on fire and never seeing again.
Posted by WareagleKK
Milton, GA (ur welcome for Lawson)
Member since May 2012
2749 posts
Posted on 12/14/17 at 7:18 am to
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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