Who here invests in cryptocurrency?

I bought some of the Dogecoin last week when it was at .04. It's doubled since then, so I made a decent chunk so far. I also put $100 at the same time on one I had never heard of Siacoin only because it was .007 cents a share. I'll probably lose it eventually, but who cares, it's only 100 and if it happens to take off, then even better.

Just make sure you never lose your passcode.

You only "lose" your money when...

A. You sell for less than what you paid initially.

B. The stocks, crypto, etc bottom out.

If you aren't investing in highly volatile stocks, holding is always your best bet. Think of your stocks as balloon. Sometimes they inflate, sometimes they deflate. The reason people lose everything is by panic-selling at the first sign of danger. Never do this.

Also, if you are going to buy a stock, research the trends over a 5 year period, determine if the current price is inflated or deflated and act accordingly. Do not buy at peaks, and do not sell at dips.

I've been in crypto for a while. The first rule of crypto is, don't invest more than you can afford to lose.

There is also a lot of pumping and dumping going on, so watch out that you don't get in something when it's high, and everyone dumps leaving you holding the bag.

But the way I look at it, it's an emerging market, and barely anyone knows about it. Even less know how to purchase it. Those numbers are only going to grow, which is why I think crypto overall is a good investment, but you really have to have patience, and be willing to weather the storms.

But Bitcoin, Ethereum, those are the big dogs. Speaking of dogs, I also like Dogecoin - I think it's cute and fun aspect will make it a winner (look at Twitter with its cute bird logo and "tweets"). There's a lot of other great tech, like Cardano, Polkadot, Chainlink, Uni bunch of others that I can't remember off the top of my head. I'm not in any of those yet, but I'm looking to pick some up sooner than later.

But anyway, not a financial advisor, so take this all with a grain of salt!

There was a news story on tnte that said a guy had hired an undercover Hit man to murder 2 people & paid with Crypo

Where is a good place to invest?
Looking to get into the stock market.
Is there a popular and easy to use website?

The word is actually cryptocurrency. One of the golden rules of investing is to never invest in anything you don't understand. I don't understand cryptocurrency, so I don't invest in it.

The smartest way to make money is to invest long term in quality stock and bond mutual funds.

😎

Which currencies are you investing in?