Cryptocurrency a glimmer of hope
Have you bought crypto?
Are you considering buying crypto?
Table of contents:
· My story
· Should you buy Crypto?
· It is not a guarantee of extreme wealth
· A glimmer of hope
· How do you decide on Crypto?
· Help you and help me.
My story
In late October 2021, I entered the Crypto market, and the increases kept coming; yay for me. Then if you follow crypto, you know where we are now, and my investment is worth 1/3 of what I have invested; yay for me. 🤢
Here is an article I wrote about my story:
However, as of today, I am still going to stay on the crypto train, hoping it doesn't keep plummeting.
I am resigned to the fact that if it does, that is fine too. 😬
Should you buy Crypto?
Of course, I cannot decide for you. I am not a financial adviser or financial planner; this article is just my opinion and hopefully an interesting read too.
One thing that is guaranteed with Cryptocurrency is volatility. However, over the long term, you should be able to see growth.
Never invest more than you can afford to lose, so as mentioned above, keep this below 5% of your overall portfolio.
Never invest at the expense of paying off your high-interest debt or at the cost of having savings for emergencies. I have written some simple money tips in another article.
It is not a guarantee of extreme wealth
Have people made crazy money with crypto — YES?
Have people lost crazy money with crypto — YES?
At the moment, I am in the second group of losing money, as will many other people be the world over at the moment.
Many of the wealthiest people across the world have had a reduction in the size of their overall wealth it is just the state of the world's economy at the moment.
A glimmer of hope
There is a glimmer of hope that crypto will return to where it was and beyond. So if it is worth the risk for you and your money, now may be a good time to buy.
Do your research, and don't invest more than you can afford to lose.
Tell me in the comments about your crypto journey.
How do you decide on Crypto?
Of course, this comes down to your investing strategies, ability to cope with risk, and ability to be happy to incur a loss.
Analysts tend to look at:
- Resilience and the ability to rebound — the faster the rebound, the better
- Sustainable projects in Blockchain — are they solving a real problem
- Previous all-time highs — over its life has there been many all-time highs following a crypto rally
- Uniqueness and competitiveness — It can be challenging to find someone unique, but what sets them apart from their competitors.
Help you and help me.
If you are thinking of buying low, note it may go lower, I have a referral code for you.
You get $10 BTC, and I get $10 BTC with the blow link or code.
Coinspot using this code REF9MANBW
This article is purely my experience it is not investment advice, and you should do your own research before making any decisions.
Join Medium for unlimited reading or to earn money writing for just $5 per month.
If you enjoy reading my content, consider subscribing to my feed or becoming a paid Medium member. It is just $5 per month.
And if you are a coffee lover, why not, shout me one too.
Thank you in advance for the claps and comments; I appreciate every one of them.
Kelly
