Would You Invest in Crypto Today?
I was recently asked, "If you had $10,000 today would you invest it in crypto or bitcoin, or would you spend it on something else, and if so what? That is a great question.
My answer,
I would invest in the blockchain technologies first. And, then scale up, i.e. dollar cost average, my positions in certain cryptos as well as bitcoin.
If you've read any of my blockchain posts, you know that I'm bullish on blockchains future. That is not to say that I believe this crypto space is ready to soar. On the contrary, I have no idea what will happen next, so don't take this as investment advice. We could flip from bear to bull and back again. Nothing would surprise me, so make your own decision on what is right for you.
For me, I'm focusing on the use cases and models that I hope will help us move into a decentralized era in business and government. But there is a lot to be figured out and I'm sure some comprises will need to be made along the way. All that said, I see blockchain in general and some cryptos, including bitcoin with use cases where I would like to make sure I'm on the ground floor (this time).
So I move forward, one day at a time, making the best decisions based on the information currently available. Never put all my eggs in one basket, but willing to risk some for a better future. Most importantly, I'm spending some of my free time in the blockchain space and hopefully a better future for all.
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Greetings @guysellars
I am also one of the people who believes in blockchain but I also think that no bet is 100% safe, if we want to invest in blockchain first we must acquire enough knowledge about it and study the market to see the most profitable way to invest.
Enjoy your day, Piotr.
I'm with you 100% @crypto.piotr. It is NOT 100% safe. And knowledge should come before anything we do.
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I'm not sure if I would invest today, but I would definitely invest when there are clear signs that the bear market is over and just hold the $10,000 until that point.
I'm not saying Bitcoin is going down to $1,000, but I would feel much better buying on strength at $5000 BTC and buying current prices and watching it fall to $1,000.
Hi @gniksivart. You may be glad you waited. No one knows what the market is going to do. For me I think this period is a good opportunity to research and learn. I'm formalizing the use cases where I think the blockchain shines and am looking forward to opportunities. Thank you for your comment.
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STOPTo support your work, I also upvoted your post!
But, if i was there than my answer was..
" Invest first in STEEM because is it the best example of blockchain and future crypto and a best social media too..." 'Steem blockchain- what a great thought of upvotes and rewards too..' First steem and then anyother crpto..
Great call out @pmg22. Thank you!
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If I must put it in 10 000$ ... then I make this so , I but 1000 $ in BTC ... and 9000 in Steem SP ...
when I have SP... I can put it works also... so I can start earning my value immediately back or make it more bigger in long run.
It is what I think.
Good plan @foxkoit. Seems that several share your point of view. Thank you for participating.
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And if I must say more then the third thing is ... look that you have also Gold and Silver too :)
Soon they start run up also .
Yes I believe it is the best time to invest into cryptocurrency, because more of gains to come very soon.
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Hoping you are right @rylnei.
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Crypto has to be the worst investment at current times, depending on your options. Maybe in 5 more years. Not to say you can't make money working in Crypto, but even that is tough with the volatility.
@inalittlewhile, what do you think of steem?
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I think it's the first social media experiment on a blockchain (or if not the 1st, the most prominent).
As a social platform, Steem has a long way to go. The BTC bear market isn't helping it to evolve as fast as many would like.
It's still an experiment as far as I can tell and the jury is out. But, Steem is a great place to practice your writing skills and get some feedback. :):)
@inalittlewhile, I so agree that Steemit is a great place to practice writing skills. Also, between you and me, I like the slower market at the moment. When things move too fast, people tend to make bad decision based on the fear of missing out. At least now, those who do get involved seem to have conviction and purpose. Hopefully making for a better community. But you are right, time will tell.
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Yes i will invest
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Thank you for posting @emmamaxwell.
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