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Elaborate on how investing in CryptoCurrency generates passive income?

companyhen 9y ago
The marketcap for CryptoCurrency was $11b at this time last year. It's currently $153b as of today and growing fast. If you put $1000 into Ethereum in January you'd have over $30k today for example. Making $150k/200k a few $1k investments shouldn't break the bank too much. If you are good at Internet research, finding new crypto's with groundbreaking tech before the masses can get you some good return. It may not last forever, but I think it's here to stay and the best ones will remain just like the dot-com bubble era.
- alextheparrot 9y ago
  Given your experience with this type of advice, would you suggest putting my money on red or black?
  - vectorEQ 9y ago
    buy a big bucket of soap, a metal ring, make big bubbles, put your money in there and let it drift away :P
    - fdafellow 9y ago
      I am sure there are few players who are making money in the cryptocurrency market. It is hilarious to see how some people on HN downright reject the idea of investing in Crypto as if it is like throwing money to fire. To people who are making money and taking out profits from the market at same time will see these people living in denial. Just for example, I bought few Ethereum when it was around $70 and sold half of it and took money out of market when it hit $300. Now I do not care if I loose my rest of money. I just invest in other cryptos for long run and watch where the market goes.
      - literallycancer 9y ago
        Probably just the good old "I missed out on it, therefore it's going to fail, and I'll be able to feel better about it". Most people here are used to thinking that if there's something that looks too good, it's probably a scam and/or someone else is already doing it better. But just by being a software engineer and reading HN you are probably in the top percentile of people qualified to evaluate (and invest in) ICOs.
      - companyhen 9y ago
        Thanks for your reply. I did the same as you but I got lucky and got in at $10 -- there was an ethereum meetup in my town in 2016! Got lucky. :D
  - companyhen 9y ago
    The thing is cryptocurrency is new and roulette has been around for a long time. Crypto brings the power back to the people. There's never been 1000% returns on the regular from gambling at a casino. Let alone 100%. Let's give it 3-5 years and see where we're at.

The marketcap for CryptoCurrency was $11b at this time last year. It's currently $153b as of today and growing fast. If you put $1000 into Ethereum in January you'd have over $30k today for example. Making $150k/200k a few $1k investments shouldn't break the bank too much. If you are good at Internet research, finding new crypto's with groundbreaking tech before the masses can get you some good return. It may not last forever, but I think it's here to stay and the best ones will remain just like the dot-com bubble era.

alextheparrot 9y ago
Given your experience with this type of advice, would you suggest putting my money on red or black?
- vectorEQ 9y ago
  buy a big bucket of soap, a metal ring, make big bubbles, put your money in there and let it drift away :P
  - fdafellow 9y ago
    I am sure there are few players who are making money in the cryptocurrency market. It is hilarious to see how some people on HN downright reject the idea of investing in Crypto as if it is like throwing money to fire. To people who are making money and taking out profits from the market at same time will see these people living in denial. Just for example, I bought few Ethereum when it was around $70 and sold half of it and took money out of market when it hit $300. Now I do not care if I loose my rest of money. I just invest in other cryptos for long run and watch where the market goes.
    - literallycancer 9y ago
      Probably just the good old "I missed out on it, therefore it's going to fail, and I'll be able to feel better about it". Most people here are used to thinking that if there's something that looks too good, it's probably a scam and/or someone else is already doing it better. But just by being a software engineer and reading HN you are probably in the top percentile of people qualified to evaluate (and invest in) ICOs.
    - companyhen 9y ago
      Thanks for your reply. I did the same as you but I got lucky and got in at $10 -- there was an ethereum meetup in my town in 2016! Got lucky. :D
- companyhen 9y ago
  The thing is cryptocurrency is new and roulette has been around for a long time. Crypto brings the power back to the people. There's never been 1000% returns on the regular from gambling at a casino. Let alone 100%. Let's give it 3-5 years and see where we're at.