Topic: Is this normal and safe to invest in? (Read 386 times)
I started purchasing bitcoin during the '14 bubble and throughout '15, have come back to crypto and its still not mainstream. Its definitely improved since i was involved as you had a bunch of shitcoins and the main contenders were bitcoin, ripple, dark coin and dare i say paycoin. It was being banned in different countries, and not many people were transacting. Now, with the explosion of ETH and the blockchain, not to mention the dark web; its growth is unbelievable. I work in the financial industry and crypto isn't talked about much, other than a mention if btc hit all-time highs. I think it still has some time to go before becoming mainstream, and thats when the real bubble will occur. Right now you have all the smart corporate money positioning themselves for the bubble. As in the above posts, pump in money u can afford to lose and hold on for a couple of years and see what happens.
Edit: ^^Brother man wrote almost exactly what I wrote, beat me to it.
Its nice to see we think alike
And I agree with your point about corrections being healthy, they are much better than a full on panic ridden crash.
It's not being overlooked, but 1) No one knows when a correction is going to occur, and 2) Predictions should be taken with an extra-large grain of salt. Nobody knows what's going to happen. For every person predicting a crash, there are 5 people predicting bitcoin is going to be at $10,000 any day now. A lot of what gets written is just noise.
I've been saying that we're due for a correction for a while now. They tend to be healthy. And it's up to you to figure out whether it's worth putting money in crypto right now. Nobody is going to decide for you.
Edit: ^^Brother man wrote almost exactly what I wrote, beat me to it.
I've been saying that we're due for a correction for a while now. They tend to be healthy. And it's up to you to figure out whether it's worth putting money in crypto right now. Nobody is going to decide for you.
Edit: ^^Brother man wrote almost exactly what I wrote, beat me to it.
There's no easy answer. Some people think it will get to 500b before a crash and others think one is due now. At the end of the day its not that its being overlooked its that people have differing opinions on when and some people on if it will happen.
Cryptocurrencies market cap is currently at 112.6b..more than a 100% increase over a few weeks ago, is it safe to invest in the cryptomarket NOW? Some people are saying that a correction is bound to show up anytime, if so, why is this being overlooked?
Trading cryptocurrencies is risky on it's own. I'd suggest to you if you want to get in get in now as nobody can time and predict the market nobody can tell you what will happen. Bitcoin and other alts can be worth more tomorrow or they could be worth nothing. You could invest small amounts such as 10-100$ every week/month and see what happens at the end.
Don't invest more than you can afford to lose
Cryptocurrencies market cap is currently at 112.6b..more than a 100% increase over a few weeks ago, is it safe to invest in the cryptomarket NOW? Some people are saying that a correction is bound to show up anytime, if so, why is this being overlooked?
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