What do you think of Cryptocurrency?

Question

Do you own any? Do you have any experience with this? Goods and bads?

Answer

Seems like a giant ponzi scheme to me

Answer

We own quite a bit.. got into it very early on so we have made a good amount! My husband reads A LOT about it so knows what he’s doing. Definitely ups and downs but it’s been great for us!

Answer

I think investing in cryptocurrency is only for experienced investors. That’s it. I don’t think anyone should get into it thinking they can and will make any money from it. Because most won’t. Remember this for all investing(and gambling for that matter), if someone is making money, then someone else is losing. The ones making are fewer in numbers than the ones losing. My husband and I do invest in cryptocurrency and have become fairly successful. We come with lots of stock investing experience. But with our success, we have even had big losses too. That’s the way it goes. It’s not a game. Most people shouldn’t be doing it.

Answer

Very volatile. Not worth it. Lost $5k in a few hours a couple of Thanksgivings ago. 😅 At one point we owned 1.3 BTC.

What do you think of Cryptocurrency?

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