What are your opinions on crypto-currencies?

MazerTag · 2021-01-09T22:55:20+00:00

Don't take financial advice from strangers on the internet.

DetroitGangster · 2021-01-09T23:14:16+00:00

Tons of money can be made in crypto, but it is pertinent that you do your own research and only risk money you can afford to lose. A good way to mitigate risk with any investment is to dollar cost average into the market as well as out of the market. Also, it is important to note that the crypto market is BY FAR the most emotionally stressful investment market there is (trust me).

I would recommend sticking to Bitcoin and Ethereum.

cunningcaring · 2021-01-10T00:46:56+00:00

I wish I'd bought a thousand dollars fo Bitcoin when it was $0.08 a coin.

The prices are high; this does not seem like the time to buy. (But low, sell high).

brokeboi556 · 2021-01-10T02:21:05+00:00

I lost thousands of dollars from crypto. But I get FOMO easy and I was trying to flip currencies and make money quick. If you're gonna do crypto. Invest long term is my advice. But I'm just some asshole online so...

GloomySpeech · 2021-01-10T04:16:27+00:00

Hold them for 10 years, and you will make a lot of money. But his value may fall in weeks, months or a pair of years.

Art___Vandelay___ · 2021-01-10T04:26:09+00:00

The whole market is fake. Very little fiat price action. Everything is valued in USDT - Tether. Look into it.

WHATTHEDECKK · 2021-01-10T04:44:04+00:00

Learn from youtube. I’m 18 I been knowing bitcoin since I was 14. Bitcoin is currently at 40k if you invest you will lose your money.

In the mean time educate yourself about bitcoin or “the stock market” and put your money to the side.

In simple terms wait until bitcoin goes down to $7-8k

SublimePimp · 2021-01-10T05:07:49+00:00

Wait for bitcoin to crash and buy as much as you can. It may never crash though. Just keep watch on the price

Give_Praise_Unto_Me · 2021-01-09T23:06:35+00:00

https://en.m.wikipedia.org/wiki/Economic_bubble

Meloxian · 2021-01-10T02:11:00+00:00

Buy 1 dodgecoin a day and you won’t lose money

Title	What are your opinions on crypto-currencies?
Author	herkadamlar
Upvotes	1
Comments	18
Date	January 9, 2021 10:47 PM UTC (5 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/ku1dlm/what_are_your_opinions_on_cryptocurrencies/
Archive Link	https://theredarchive.com/r/askTRP/what-are-your-opinions-on-crypto-currencies.729397 https://theredarchive.com/post/729397

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