I'm highly confused, guys. The majority of people here tell me not to invest in crypto, in a forum about crypto investments. What's going on?
Maybe there is a misunderstanding. The 212k I'm about to invest do not represent 100% of my assets, they're more like 8% of my total assets. I own a 2 hectare (4,8 acre) property with buildings and infrastructure, value investments stocks from big US companies, 8% gold and the rest (40%) is liquid. I've invested 8% in gold already, and I was planning to invest 8% in crypto. Nothing wrong with that. Nothing wrong with asking users who deal with crypto daily and do a lot of research about their favorite coins, too. I'm planning to buy coins based on value (tech, usability, privacy, safety...) and prices are going down currently, it could be the perfect time to buy some.
I do understand that crypto currencies are highly volatile, don't follow rules of the stock market. I also believe if you make the right choice in technology and ignore market movements for a while, that there is a chance to succeed. Long story short, I'm willing to loose 8% of my assets.
I like the name you have come up with this experiment and you have made a lot of money from your patience which has been proven by time. Looks like you're a badman in investing and I admire what you have achieved after reading your replies. Don't you want to keep few thousands for leisure? there were suggestions already on how and where you should invest and the market is bloody so definitely looks like we had a sale now.
Thanks, buddy. I think what made my investments so far successful was a complete emotional detachment from money. It's just numbers on a screen. I'm lazy, too. I'd rather not check my portfolio daily. I check my stocks every three months.
I'd be happy if more people decided to vote. Collective intelligence is a beautiful thing.