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I think you are right. Cryptos are extremely overvalued. But who cares? I'm a Software Engineer, but I decided to play with cryptos. I invested $4,000. So far,
by throwawaynnn 9y ago
I think you are right. Cryptos are extremely overvalued. But who cares?
I'm a Software Engineer, but I decided to play with cryptos. I invested $4,000. So far, I've made $108,000. Yes, I'm speculating. But everybody does. Speculation is how all the businesses work. You buy low, sell high.
What's more interesting is that I have $100k to invest into my pet project. At that point, overvaluations create other businesses, which is generally a good thing.
- andruby 9y agoBe sure to exchange (part) of that $108K into fiat currency if you want to invest it in your pet project. I've done the same as you, but only got in seriously a while later. I've exchanged my initial investment for fiat and might lock-in some of the unrealised gains too.