> I’ve put $500-$600 into smaller coins and my account is now at $1350-$1500. I have yet to see a coin with cumulative annual negative growth. <
Interesting. And that’s why I’ll never be rich enough to go sailing with John Kerry. I just can’t wrap my head around this stuff. It’s too much like buying tulip bulbs on spec.
Some day I might be proven right. But I suspect that day is far away. In the meantime there will be money to be made, as you noted.
Gamestop was trading at $500 a few weeks ago. Traded at $38.50 on Friday. The valuations mentioned here are pure fantasy. Amateur hour exchange, accounts get hacked, servers freeze on heavy volume, easy for professional entities to compete with serious exchanges, account screwups take days/weeks to fix.
Have to diversify and only put in what you can afford to lose.
You don’t have to buy whole Bitcoins you can buy fractions.
Bitcoin and Etherum and then some altcoins and let it ride.
>In the meantime there will be money to be made, as you noted.
The best part is to get in before the whales and mass public starts getting in on it. It’s still seen as shady and financial firms are doing everything they can to say it’s fake money, but since the value itself is based on fake fiat money, the argument falls flat.
Wait until some genius buys a billion dollars worth of gold and then starts coining out a limited amount of crypto based on real gold. He’ll be dead within a week.