Quote from: PX-Z on June 20, 2018, 06:36:29 AM

Quote from: Karen23 on September 09, 2017, 09:46:03 PM

Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation.

I know that investing into crypto could be profitable, but i don't really think that pulling all your insurance and invest it into cryptocurrency is a good idea, we all know how risky is cryptocurrency and it's really hard to trust a huge amount of money to invest on it. If you really want to invest in crypto, just invest an amount that you can afford to lose, because there are no guarantee that all your money will return with a profit, and to avoid of losing to much money and repent later.

I agree. Invest in crypto the amount of money one can afford to lose. Although profitable, this market is very uncertain. One may gain or lose along the way. Hence, to save one from such unintended loss, it is so much important to decide and think out one's move well especially when it deals with crypto.