Is it worth investing in CryptoCurrency?

[Graybeard]

Binance may become the next FTX

Texts from Binance Reveal Plan to Elude US Authorities - Slashdot

Reuters writes: Binance, one of the world's largest cryptocurrency exchanges, developed a plan to avoid the threat of prosecution by U.S. authorities as it started an American entity in 2019, the Wall Street Journal reported on Sunday. The Wall Street Journal reports: Any lawsuit from U.S...

yro.slashdot.org

You have been forewarned.

 

[Graybeard]

I think Ethereum is oriented to be a transactional cryptocurrency rather than a speculative *quasi-investment*

My BTC Report ™

I think this will be a big nothing burger short term --we will see

that is like a 5.66% move on speculation in a 6 month span there is a realistic -17% downside IMHO No thanks --Good luck to the winners ...

 

[spirtix]

It is worth it, but focus on the spot, allocate no more than 10% of your deposit to futures trading

 

[Alan Saste]

It's an unstable market, but I think it's worth a try with spare money after doing thorough research on it.

 

[JonClkim]

been in the game since 2012... still have my original 3.5 btc @ $12.32/ea

my only advice is if you buy it, hodl. never sell... i sold 443,000,000 $DOGE i had been holding since the day you could mine it, but i sold it all the week it mooned - total unrealized gains roughly 21-22 million

there are some great coins out there, just be careful investing in shitcoins of anykind - idc what the hype is

i like cardano & internet computer allot

 

[alexisdiv]

been in the game since 2012... still have my original 3.5 btc @ $12.32/ea

my only advice is if you buy it, hodl. never sell... i sold 443,000,000 $DOGE i had been holding since the day you could mine it, but i sold it all the week it mooned - total unrealized gains roughly 21-22 million

there are some great coins out there, just be careful investing in shitcoins of anykind - idc what the hype is

i like cardano & internet computer allot

that sounds like bullshit to me.

 

[alexisdiv]

It's an unstable market, but I think it's worth a try with spare money after doing thorough research on it.

why is the standard bull market not stable?
but we still have two or three more hamster shaves to go.

 

[alexisdiv]

Binance may become the next FTX

it is unlikely that Binance capitalization + people's trust will prevent it from going down like that.

 

[Graybeard]

It's your money @alexisdiv

 

[lederasd]

Before 6 months I was prepared to invest, I started how to invest and where, but now I am glad because I didn't. If price will continue to go down maybe at one point I decide to invest.

 

[Graybeard]

No Balls No Glory they say ...
Good luck to the winners!

 

[Swok1950]

Crypto can offer outsized gains and portfolio diversification, but it's highly speculative, volatile, prone to scams, and lacks traditional investor protections, so it's best to limit exposure to what you can afford to lose and do thorough research ahead of time.