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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.
wildwest
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.