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      02-07-2018, 10:20 PM   #683
NemesisX
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Originally Posted by alanz View Post
I think the best strategy is just "buy and hold", but it's not so easy to do. Personally I use some cryptocurrency for gambling, I read about Cryptocurrencies for Gambling a few months ago and since that time I've been trying my luck in the hope to get more BTC on my wallet. Hope it will not be in vain.
Not for cryptocurrency. If you're talking about run of the mill mutual funds, ETFs, and the occasional stock that you just take an educated guess on then yes.

If you're taking about a VERY small percentage of your net worth that you wouldn't blink an eye to losing forever, then sure. You can buy and hold cryptocurrency.

People investing in cryptocurrency might as well be imagining that they're at the roulettte table in Las Vegas right now, only there's a chance that the roulette table will blow up any minute taking all your money with it.
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      02-07-2018, 10:22 PM   #684
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I know a 24 year old who put his life savings (around $80k) into bitcoin. At least it was worth $80k a month ago.
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      02-08-2018, 10:12 AM   #685
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I know a 24 year old who put his life savings (around $80k) into bitcoin. At least it was worth $80k a month ago.
At least he is going to learn the hard lesson early enough in life to recover before retirement. It could have been worse!
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      02-10-2018, 09:03 PM   #686
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At least he is going to learn the hard lesson early enough in life to recover before retirement. It could have been worse!
If he still holding, retirement is but a few years away.
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