RE: Should you stay in Crypto???

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Should you stay in Crypto???

in crypto •  7 years ago 

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.

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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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