How Much Money Should I invest in Bitcoin / Crypto Currency Ethereum Litecoin
Aww the age old question… To Be Or Not to Be… 🙂
With over 2,000 different crypto coins available now; the options are endless. But the fact remains these coins are highly speculative and the value could go to zero overnight. So my advice. Invest what you’d be comfortable with if you lost it all or lit a match to it. Bit coin recently went from around $20,000 to $9,000. That’s a big hit if you had multiple coins. Hopefully you didn’t sell and are holding HODLing or you put on stop losse orders, it automatically sold and the order got filled at the right price.
Like to buy a lottery ticket every week or hit up the casino; change it to buy a lil crypto instead… I here people more and more people are maxing out their credit cards & taking on home mortgages to invest in crypto. Not a great idea…Although a great many people have made a fortune over night. Some people are doubling their money daily..
Whatever you end up doing just make sure it’s play money, not rent money! And for goodness sake; MAKE SURE THE WIFE KNOWS! 🙂
One more thing… Don’ t forget to pay your taxes and make sure to take a lil of your profit now and then. You’ve earned it!
List of some coins…
- Bitcoin Cash
- Ethereum Classic
- Bitcoin Gold