Hard to know - would hate to have just held until they get back to the same levels before the 10-20x rise. These coins are certainly not stocks - no ownership interest, non income producing asset, constant dilution with new coins, no underlying value - I hope many of these new crypto investors really know the risks! Don’t get me started on investing in NFT art, lol!
hahaha yeah, I am not a fan of NFTs personally. You are right, so hard to know, I am kicking myself that I didn't take enough out to recoup my total crypto fiat investment. Back when my whole portfolio was up like 6x, now I am at 2.5x haha
Tough to know when to sell… as an investor for a long time, I usually think about investments as long term holds based on a conviction I have (if I am investing in individual companies), but I don’t think crypto can be a long term investment, with exception of BTC and maybe ETH - BTC as a digital gold store of value with a small place in an asset allocation, and ETH as the main place for blockchain use/development. Most everything will likely not have significant value in 5-10 years compared to now, in my opinion.
Hard to know - would hate to have just held until they get back to the same levels before the 10-20x rise. These coins are certainly not stocks - no ownership interest, non income producing asset, constant dilution with new coins, no underlying value - I hope many of these new crypto investors really know the risks! Don’t get me started on investing in NFT art, lol!
hahaha yeah, I am not a fan of NFTs personally. You are right, so hard to know, I am kicking myself that I didn't take enough out to recoup my total crypto fiat investment. Back when my whole portfolio was up like 6x, now I am at 2.5x haha
Tough to know when to sell… as an investor for a long time, I usually think about investments as long term holds based on a conviction I have (if I am investing in individual companies), but I don’t think crypto can be a long term investment, with exception of BTC and maybe ETH - BTC as a digital gold store of value with a small place in an asset allocation, and ETH as the main place for blockchain use/development. Most everything will likely not have significant value in 5-10 years compared to now, in my opinion.
That makes a lot of sense!