Frugalgal
Money Making Megastar!
- Joined
- Apr 22, 2020
- Messages
- 230
- Points
- 193
- Age
- 50
I started investing in Crypto last year. It is not for those who dream of getting rich quick, as that is gambling. It should be seen as a long term investment, and you should educate yourself in it, and strategies for investing. Like those who dabble in stocks and shares, you should do your own due diligence and don't just follow Memes as you are likely to get your fingers burned.
As a beginner investor I would say invest in Bitcoin or Ethereum. I am also investing in Cardarno and Solana and have made some decent interest on them. There are other altcoins like XRP that may well prove to be a good earner over night, but know that any of these cryptos are still in development and governments are still deciding how to regulate these currencies so this is a high risk investments with high volatility. Be prepared for prices to crash and go up and down in one day. So you need to have a strategy for when to sell and when to buy. There are some great new investment platforms out there where you can earn interest on your coins, which I am doing.
If anyone asks me about advice on investing in Crypto, I would say now is the time to seriously take a look at this crazy asset before it becomes mainstream. It is described as being The Wild West at the moment, and there are lots of rug pulls and scams out there, so beware.
As a beginner investor I would say invest in Bitcoin or Ethereum. I am also investing in Cardarno and Solana and have made some decent interest on them. There are other altcoins like XRP that may well prove to be a good earner over night, but know that any of these cryptos are still in development and governments are still deciding how to regulate these currencies so this is a high risk investments with high volatility. Be prepared for prices to crash and go up and down in one day. So you need to have a strategy for when to sell and when to buy. There are some great new investment platforms out there where you can earn interest on your coins, which I am doing.
If anyone asks me about advice on investing in Crypto, I would say now is the time to seriously take a look at this crazy asset before it becomes mainstream. It is described as being The Wild West at the moment, and there are lots of rug pulls and scams out there, so beware.