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Except you are assuming it will just magically go up. If you are the unlucky person to do that at the peak, then you will lose most if not all of your money.
by mrep 9y ago
Except you are assuming it will just magically go up. If you are the unlucky person to do that at the peak, then you will lose most if not all of your money.
- charlesdm 9y agoWhich is why you put $2k in, and don't bet your house on it. Or if you do bet the house, be aware you could lose it all (or be set up for life, of course)
- antisthenes 9y agoThe overwhelming majority of Americans do not have $2k lying around for a risky investment, nor do they understand the risks associated with crypto (especially the speculative coins). In order for someone to invest in crypto as diversification, on the order of 5-10%, they'd need to have $20-40k lying around. Needless to say, outside of the tech bubble that situation is quite rare.