I had gotten into the whole crypto craze back in 2017, but I never really got anything out of it. I was wondering if it’s a good idea to invest this year?
Into crypto or even mining, I’ve heard it’s quite profitable nowadays.
I don’t know a lot about the subject, but with energy prices rising and set to rise for a while, I wonder whether mining could possibly be a good idea.
As for whether the timing is right for any kind of investment, if I knew that, I’d be typing this from my private tropical island.
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The way I see it with any inversion, you need to do your homework. Investing in crypto just because this is the new trend is a bad idea. No all cryptos will do well, of course.
So if you know how to do a proper investing analysis, take your time, do it and then decide.
If you don’t, it would be better to ask an expert that can do it for you.
I guess you didn’t invested in bitcoin but some lesser know cryptos. I feel that cryptos like ethereum might do well in a few years because we are getting better known with time.
But that doesn’t mean that I know anything about it.
Maybe websites specialized on investing may have tips about it.
There’s a lot of hype around cryptocurrency, but is it really worth investing in this unregulated investment product? The answer depends on your risk tolerance. As cryptocurrency has generally declined year after year, investing in crypto should only make up a small portion of your overall portfolio. If you’re thinking about investing in this unregulated product, it’s a good idea to shore up your retirement savings, pay off debt, and diversify your portfolio before you invest in crypto.
If you’re interested in investing in crypto in the future, it may be worth looking for a company with a sound company structure. High-profile investors are known to be willing to invest in crypto platforms. A sound company structure can also signal stability in the marketplace. You should read the fine print of any cryptocurrency investment before setting up an account. A prospectus is an excellent way to learn about the inner workings of the company. It’ll give you peace of mind and can be your guide to security.
I think that all the value of all cryptos will collapse in a more or less distant future because the use of this currency serves not really positive interests. Maybe the XRT will survive, but not sure.
If you feel Bitcoin is a bad investment or that cryptocurrency is a bubble that will burst, you’re deceiving yourself. Bitcoin is nothing more than a store of value. The value will only climb over time, just as it has year after year from the beginning. Is it possible to lose money when investing in Bitcoin? You certainly may if you buy and then sell at inopportune moments.
I think all that needs to be said here has been said.
Also the OP didn’t return to this thread, so I don’t see a point continuing it.
Thread closed.
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