04-15-2020, 02:24 AM
Would you say Crypto is a good long term investment?
<!-- SC_OFF --><div class="md"><p>Background: I invested back during the big surge when bitcoin was going super crazy. It fell and I lost a bunch of money, so I thought that I would treat it as a long term investment. 2 years pass and the amount I have has remained mostly constant as I'm not a day trader but waiting for it to increase over time. Whereas I have some stocks that while hit by COVID do actually increase in value over time. This is not meant to be inflammatory, I'm not going to get rid of my crypto. But to me, it seems more like a lottery where maybe they skyrocket again and I cash in but mostly they just fluctuate but stay on average at the same price over the long term.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Background: I invested back during the big surge when bitcoin was going super crazy. It fell and I lost a bunch of money, so I thought that I would treat it as a long term investment. 2 years pass and the amount I have has remained mostly constant as I'm not a day trader but waiting for it to increase over time. Whereas I have some stocks that while hit by COVID do actually increase in value over time. This is not meant to be inflammatory, I'm not going to get rid of my crypto. But to me, it seems more like a lottery where maybe they skyrocket again and I cash in but mostly they just fluctuate but stay on average at the same price over the long term.</p> </div><!-- SC_ON --> Kind Regards R