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And that is why I don't go near any crypto. Don't get me wrong I love the idea but I don't like volatility. I can't wait until a stable DeFi is established. for
by xupybd 4y ago
And that is why I don't go near any crypto. Don't get me wrong I love the idea but I don't like volatility. I can't wait until a stable DeFi is established. for international transactions this will be a dream.
If it's up over 10 fold in 3 years then I don't see why it couldn't drop 3 fold in the next 3. I like simple investments where the value is obvious and a simpleton like me can guess if the price matches the underlying value.
- hem777 4y agoCan you give an example of what you’d consider “simple investments where the value is obvious” and where “a simpleton like all of us can guess if the price matches the underlying value”? I’m genuinely curious.
- xupybd 4y agoMost commodities such as gold and oil. You don't need to know much about them to know they have value. Government bonds because you're trusting in the government lasting that period and keeping their word. Index funds, you're just following the market and betting it will do the same thing it did the last 30 years over the next 30 years. All of these I'd only look at for long term investing. Short term trading is not for me. My crystal ball is just not good enough for that.