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Please do not put 25% of your money into crypto, that’ll be a quick way to lose tens of thousands of dollars in a short time. Crypto is risky with wild swings,
by bluedevil2k 5y ago
Please do not put 25% of your money into crypto, that’ll be a quick way to lose tens of thousands of dollars in a short time. Crypto is risky with wild swings, you shouldn’t put more than 5% into crypto.
- deleted 5y ago[deleted]
- sxg 5y agoAs with most investment advice, it totally depends on your risk tolerance, age, and other life circumstances. If you’re 25 with a solid job and some surplus money to invest, a high risk strategy may be worthwhile. The upside can be immense while the downside (losing nearly all your invested money) may not actually be all that life changing.
- bluedevil2k 5y agoThis same advice would apply to lottery tickets. It’s the opposite that’s actually true, if you lose 25% of your assets right away, that will compound to become millions of dollars in the future. I’m not saying to invest conservatively, it should be aggressive. But investing in a crypto ETF, where most people agree 90% of the coins will and should go to $0…that’s just reckless.
- deleted 5y ago[deleted]
- xupybd 5y agoAlso it's fueling a massive amount of power usage for limited utility.