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Old 01-04-2018, 01:21 PM   #140
Big/Sky/Fly
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Join Date: Apr 2008
Location: Moonover, Montana
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Quote:
Originally Posted by mooseontheloose View Post
Crypto is a bit tricky though, because it's entirely possible that some will collapse and others won't. Or maybe won't for a long time.

Even if you just put in $100 on a few you think have potential, you only need one to be the next Bitcoin. Obviously this isn't where you park your long-term savings or money you need for retirement. This is where you put small amounts of cash you are OK with losing in hopes that you'll pick the right coin before it explodes.

It's unlikely all coins will collapse, especially at the same time. So while there's almost definitely a bubble with certain coins, it doesn't mean all currencies should be avoided. May not be true down the road but for now so many coins are coming out with roots in useful technology that investing in them is fairly similar to investing in a startup. The risks and volatility are huge but you only need to be right once. And you may never be right and hit a big win, but that's why you only invest what you can stand to lose.

It's not a bad play at small stakes as additional diversification alongside ETFs, etc.
Agreed...this is what I'm doing now.
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