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Author Topic: Good cryptocurrency to invest in?  (Read 5679 times)

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Re: Good cryptocurrency to invest in?
« Reply #5 on: April 16, 2021, 05:49:10 PM »
Lead and livestock.

Re: Good cryptocurrency to invest in?
« Reply #6 on: April 16, 2021, 05:51:30 PM »
I saw a good tip on Youtube (Spiffing Brit). Basically follow @elonmusk on ƚwιƚƚeɾ, turn on notifications, and if he boosts dogecoin or another lesser crypto currency (dogecoin is very much a lesser one, it jumped a bit when Elon boosted and then fell back), buy a bit, and when it goes up a bit, just sell, don't wait, just bank a bit of growth. Don't get greedy. Bitcoin is quite acceptable as risky investments go, but transactions on it are registered publicly, it is very much not a crypto currency, except that it good enough as a way of giving money to people treated as lepers by the usual payment systems.


Offline Ladislaus

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Re: Good cryptocurrency to invest in?
« Reply #7 on: April 16, 2021, 11:04:33 PM »
Lead and livestock.

Lead prices have gone through the roof.  If you have a large stock you could be sitting on a fortune.

Offline Cryptinox

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Re: Good cryptocurrency to invest in?
« Reply #8 on: April 17, 2021, 12:28:23 AM »
He has $83 spare a week. He can't afford land or any serious investments; he's looking for high-risk high-reward investments that'll turn small savings into serious money.

Myself, I made a fair bit of money off of crypto a few years ago, but it was gambling. To underline just how volatile it was, in 2017 I chucked something like $30 into crypto and eventually through the crazy bull market later that year it was worth almost $1000. But then it crashed down to almost nothing. I forgot about it for a few years and then when I found my Ethereum lying around in 2020 it was worth $500(after a new bull market brought it back up). So it goes absolutely all over the place. And I got lucky for leaving my remaining investments in a "solid"(by crypto standards) currency. If I'd left it in almost anything else(99% of cryptos fail), I wouldn't have made that large profit, but instead my investment would've dwindled down to ZERO.

Point of the story is not to brag about how I got lucky(and believe me, it was luck. I had no idea what I was doing), but to show how volatile and unpredictable it all is. Especially right now that it's many months into a bull market, and so it could crash any moment. And you would be left with nothing. It might even be immoral to invest in crypto because of that, because it's almost closer to gambling than regular investing. I don't know, but if you are to invest, you need to do your own research and be really confident in whatever project you invest in. And even then, only invest what you can afford to lose. Remember, it's a lot more likely you'll end up wasting all that money than that you'll get rich off it or something.
I usually get $83 for a paycheck in a week however I've been doing driver's ed and won't be working on Wednesdays. I already have $10 a week going into a Roth IRA account. However I still get a good amount of tips. usually $20 but this week I got $38.

Offline Cryptinox

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Re: Good cryptocurrency to invest in?
« Reply #9 on: April 17, 2021, 12:37:59 AM »
No cryptocurrency is good to invest in.
.
If you have money to invest, buy stock in American corporations, ideally through index funds.
What companies are not evil and globalist though?