Should I invest in crypto next year?

All in

@electrineer Which kind, Monero bitcoin, done, eth, Atari?

Whichever is highest at the time. Buy high, that's the key.

Do you like waiting half an hour for a transaction to process and watching the value of your money change every minute? Then you should definitely go all in on crypto.

@spongessuck That's only half of the equation. The other half is of course to sell low.

@EmberQuill Ah, like my $500k in Microsoft stock. The up and down part is fun!

Yes, all of your savings.

Mortgage your house, sell your kidney, cash in your 401K, throw it all into a meme coin, then go to its subreddit or Twitter and show a screenshot of the transaction with lots of emojis and rocket icons.

@GeorgeBool ChristCoin when?

Jokes aside, the answer is NO. Do not invest in any crypto currency.

The only real way to earn with crypto currency that have no connection to real assets is to have others invest and take a fee (in real money) upon conversion. Then sometimes “shake” the market so that people will sell because of fear and to reduce the loss and meanwhile persuade other people to buy because of lower prices.

When somebody tries to persuade you to invest, ask them why don’t they do that, if it is possible to earn so much money.

Invest in ecological and ethical business unless you are a web3-fanboy

@fraktalisman

Serious expansion on this answer: Energy transition investments.

Large parts of the world are trying to go through this climate-change-fueled energy transition.

I'm not talking about "stuff your money into a single windmill/solar crowdfunding project".

That's a valid, but popular and sometimes risky option.

A bit deeper than that: Companies which specialize in insulation and hvac might do well. Construction in general will probably do well, with millions of houses needing renovation. Energy companies which are investing heavily into heat exchange networks might do well. Companies which produce batteries might do well. Electric cars, industrial electrification and infra might do well.

Don't go for the obvious ones. Sure, Tesla will do well as a company, but their shares are most likely already overvalued.

Opinion:

Stocks are like pro poker. Half gamble, half strategy.

Crypto is closer to playing blackjack, or maybe even roulette, in a shady illegal mobster casino.

Even though you can learn about the crypto market and estimate which projects will do well, the field is so full of scams/manipulation and pump/dumps that it's pretty much a bunch of random bubbles.

"Exit Strategy"

Oh yes.. sell your house... sell your land.. buy some Doggo coins.

you mean BET on crypto?

only if you don't need that money

Long time investment..

people _investing_ in crypto is what killed crypto as _currency_. what drove the GPU shortage and scalper prices. what made crypto be a major negative contributor to climate change.

it literally is why we can't have nice things.

DON'T! FORKING! INVEST! IN! CRYPTO!

use it as currency, or stay the fork away from it.

Has anyone used flyte investing app https://www.flyte.com/? Your opinion is interesting. I read about the company, and everything is very ambiguous, although crypto investing gives hope.

@LeoWino more like crapto

@electrineer lol, thanks for your opinion. I appreciate it

The decision to invest in cryptocurrency should be based on various factors such as your financial goals, risk tolerance, and the current state of the market. It's important to do thorough research for example here , understand the risks involved, and consult with a financial advisor before making any investment decisions. Additionally, keep in mind that the cryptocurrency market can be highly volatile, so it's important to be prepared for potential fluctuations in value.