I first got interested in Bitcoin when it was about $40USD per BTC. I hesitated and didn't buy, thinking I'd wait until the "price went down" and then I watched over the next several months as it broke $1,000 for the first time.

Now that it's pushing $20,000 USD per BTC, do you think it's worth it for people to buy into it?

What do you think?

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Desdinova wrote on December 11, 2020 at 9:51 PM

I did the same thing. I now look at it as another way to diversify. I have maybe 2 or 3% of my total savings in crypto, half in Etherium and half in BTC. I have a tiny amount of Chainlink from when I thought it made sense to buy on rumors in the hopes of catching the next huge jump.

But there are so many small cap coins now I don't see how you can possibly differentiate between true hopefuls and "pump and dump" type stuff. So I picked two biggies as just another way to diversify. Each pay day I put a small amount of money in to them, same as I do index funds.

notaspook wrote on December 10, 2020 at 8:22 AM

I don't see why not. I'm not sure the gains will be anywhere near the same from 2020-2030 as it was from 2010-2020. Don't invest more than you can afford to lose. If you want stability invest in precious metals that you can hold and physical property like... actual land or something.

Muthose wrote on December 12, 2020 at 2:13 AM (edited on December 12, 2020 at 2:14 AM)

I got in around the same time & made good gains getting into XMR & Nano early. IMO, Noobs & Normies entering this space should probably just stick to basics like BTC, ETH, & Maybe a bit of XMR before they touch mid &, especially, low cap alts.