RE: On Diversifying Outside of CryptoCurrencies
I think diversifying is a good idea for any number of reasons, although in my case, I don’t have enough starting capital for most non-risky investments to grow very significantly, so at this point I’m probably more invested in crypto than I want to be in the future, largely in the hope that the explosive nature of crypto currencies will build my capital enough that I’ll have something to seed other investments with. It’s a long play, but so far, even my (tiny) investments in crypto have been money that existed outside of my family’s normal budget. So I’m both playing risky games with cryptocurrencies in the hopes of striking a couple of super-high yields, but I’m also isolating that entire portfolio from my “life money,” because I don’t make enough to be able to lose a lot.
If crypto yields enough for me to substantially augment my longer-term diversified investments, it’ll be an absolute godsend, and I won’t ask it for more than that.