Cryptocurrencies

[Keith]

Who's telling you to?
Crypto should only be money that you can afford to lose , just like your poker bankroll and as part of an overall investment strategy where you mix high risk medium risk and low risk investments and the crypto is part of the high risk investment part of your portfolio.

To say there is nothing backing up crypto shows a complete lack of any understanding of where crypto is heading . It will eventually be the basis of the financial system along with many other features based on its decentralized security. It like telling people back in the 80s/90s that the internet will be at the heart of the economy in 20-30 years time. Without the internet now , much of the economy would have ground to a halt instead of people continuing to do their work from home.

[Keith]

https://blog.coinbase.com/a-beginner...m-46dd486ceecf

many of the smaller coins are linked to projects working on the etherium blockchain to deliver real world applications while others are working opn solutions to solve some of the problems that etherium is experiencing . who wins out none knows.

for those old enough to remember ICQ, AIM friends reunited these should have had first mover advbantage but now have disappeared in favour of snapchat, watsapp, facebook etc.

[Poopadoop]

https://blog.coinbase.com/a-beginner...m-46dd486ceecf

many of the smaller coins are linked to projects working on the etherium blockchain to deliver real world applications while others are working opn solutions to solve some of the problems that etherium is experiencing . who wins out none knows.

for those old enough to remember ICQ, AIM friends reunited these should have had first mover advbantage but now have disappeared in favour of snapchat, watsapp, facebook etc.

Sure looks like a safe investment.



Edit: Oh it's gone up again since then.

https://etherscan.io/chart/etherprice

So basically what I said. If you can buy it when it's rock bottom and sell it the day before it starts crashing again you're golden.

[Keith]

Sure looks like a safe investment.



Edit: Oh it's gone up again since then.

https://etherscan.io/chart/etherprice

So basically what I said. If you can buy it when it's rock bottom and sell it the day before it starts crashing again you're golden.

so you've managed to discover that the price of an asset varies over time.

if thats scary for you , you don't have to buy.

if after researching the company/asset/crypto you think that its undervalued and can afford it , you can invest a proportion of your wealth thast you are willing to risk losding to buy it in case you asre wrong,

if you think that its over valued then you can sell a part or all of your investment.

somewhat ironic that you are on a poker forum without understanding risk and reward.

[Poopadoop]

so you've managed to discover that the price of an asset varies over time.

if thats scary for you , you don't have to buy.

...somewhat ironic that you are on a poker forum without understanding risk and reward.

Whatever.

if after researching the company/asset/crypto you think that its undervalued and can afford it , you can invest a proportion of your wealth thast you are willing to risk losding to buy it in case you asre wrong,

if you think that its over valued then you can sell a part or all of your investment.

I'm curious as to what kind of things make you believe an investment is either over- or under-valued. What evidence are you using to make these decisions?