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I too am late to the boom but I also don't see cryptocurrencies as investment vehicles per se. I wouldn't go out and buy any BTC, ETH or LTC just to hold and ho
by jetti 9y ago
I too am late to the boom but I also don't see cryptocurrencies as investment vehicles per se. I wouldn't go out and buy any BTC, ETH or LTC just to hold and hope it increases in value. What I am doing, though, is starting to do some automated trading around cryptocurrencies. By taking advantage of the fact there is high volatility and the ability to buy partial coins, I look to make money on the movement of ETH/BTC/LTC.
Now I'm not an idiot. I know it is risky which is why I'm only putting in a small amount I know I'm comfortable losing. I also look at this as a technical challenge as well since I'm building the entire platform in Elixir. It's a win-win. If I make money then I'm happy. If I lose the little I put in I get bummed but then will have a large production Elixir application in my name that I could talk about in the future.