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I have been investing in the stock market for quite a long time and now I want to invest in other things that may not earn a dividend but may rise in value over time. I have been told cryptocurrencies are one of the best ways to get what I am looking for so I wanted to ask for some advice.
I understand it is really hard to know when the bubble will end but is it safe to invest into cryptocurrencies nowadays?
Thanks for your opinions!
7 Answers
As always, you will have to take risks but be careful and never invest more than you can’t afford. Since you are willing to learn how the stock market works, you should invest some time in learning everything about each cryptocurrency.
It would have been better to invest one year ago, two years ago or six years ago, that’s for sure. Still, if you understand the potential of this investment, today might be the best day possible to start investing in it.
Do your own research and only invest what you can afford to lose.
In my opinion, you will have to have good knowledge of the market before investing in it. Here are some links that may come in handy: https://www.youtube.com/watch?v=MdLe7P1ZJbs and www.buybitcoinworldwide.com
Thanks for the link, the video is interesting. Still hard to make a decision though… There is no past data on which one could form an opinion on what could be likely to happen in the future…
It is new and there is no way to predict how it will go but in my opinion, better to try and loose (a little) than not try and stay here thinking “I wish I had tried”. Start with a small investment and see what happens.
I would advise you to choose Ethereum. It has the best return so far.
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