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RE: Should you stay in Crypto???
Maybe something not so speculative and volatile... Index funds over the long term will give a return where crypto nothing is a sure thing.
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Maybe something not so speculative and volatile... Index funds over the long term will give a return where crypto nothing is a sure thing.
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Yeah...I find it hard sitting in something that earns 5-20% a year when I can make that in a day... or lose it
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Well, at least you are being honest with yourself. Going in with the expectation of either gaining or losing that is fine but be prepared for the latter. Stock index over a 10 year period of time with compound interest comes out ahead every single time in every scenario. If Bitcoin or another crypto becomes mainstream, they will have a ETF (Exchange traded fund) and be on the stock market. So ALWAYS put the bulk of your investment in this and don't throw away your future is basically what I am saying. Instead invest the time AND put any expendable money you want in those crypto you believe in with the expectation that you will lose it.
90 % of my Investments are in GIC (Guaranteed Investment Certificate) earning 3.5 % .... so I have 10 % in extremely volatile and speculative High Tech, Cannabis and some Cryptos ... my Cryptos are down about 80 % but it was all Free... Steem, Dogecoin and Bitcoin.
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Very smart and wise expecially if you are near retirement.
I need to work 10 more years to get a $100,000 per year pension ... I could retire in 5 for a lot less
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