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You're pretty much right in so far as you should it invest what you can afford to lose and $4k dollars is more than most people can afford to lose.
I wasn't intending this as being investment advice so much as getting the conversation going. Like it or not, these investment markets will be bigger in the future. Relative stability will be part of this scene one day and people get fuck all in savings accounts.
The numbers don't lie. Several blockchain projects have offered significant growth for three years now and show no sign of stopping. We're not far away from a decade of bitcoin price rises.
About half of my recent consultancy work has been on behalf of banks researching cryptocurrency technology and investments.
This is like the internet in the mid 90s. One way or another it's the future even if it is hugely flawed now.
Stonehedge-
When a new industry dawns whether it be cars and railroads or Internet and social media industries, there is massive euphoria and hundreds of companies open almost overnight, and the reality is most will fail the trick is to find the survivors that will consolidate the industry and dominate. Like Boeing or British airways(at one stage) Google apple or Microsoft.
Best of luck if you understand the industry and can reliably predict this but for most people it's a stab in the dark. But good luck anyways. -
Relative stability will be part of this scene one day and people get fuck all in savings accounts.
They get good returns from investing in stocks though. Doing it right is hard*, but its way easier than cryptocurrency speculation.
* well, getting rich from it is hard / painful, anyone can track the S&P500
The numbers don't lie. Several blockchain projects have offered significant growth for three years now and show no sign of stopping. We're not far away from a decade of bitcoin price rises.
There are plenty of ways you can make big returns if you can be prepared to take the losses; betting on sports for example, spread betting, day trading...
This is like the internet in the mid 90s. One way or another it's the future even if it is hugely flawed now.
Yeah. It is. Expect the product is really hard to understand. I suspect a lot of people with positions on this stuff don't know what it actually is. I spent a couple of hours getting up to speed yesterday and I still don't know why I'd want to put money in to CRW over Bitcoin - it looks like you are just betting that they'll do something neat with it long term, but there's not much evidence of that now.
It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.
wildwest
Howard
Like bit coins some people might make a fortune.
But for most people unless you have surplus money in which to punt on a project.
I wouldn't go anywhere near it.
Especially as not long ago this thread was mainly about saving for a house deposit.