I don't think it's too late, but crypto currencies are far too volatile in my opinion.
E.g when ethereum plummeted to 10 cents it was ideal to buy, but you have to have you ear to the ground.
What if the upcoming bitcoin fork will drive the price of 1 btc to 200k usd? what if to 5 cents? what if those values won't change for the next 2 years?
I won't be able to sleep at night knowing I have a lot of money invested in a volatile asset like this.
2 comments
[ 3.1 ms ] story [ 27.5 ms ] threadIf it's the former, and you want to put a small amount of your savings into an alternative currency to help with diversification, it's never too late.
If it's the latter, yes, it's probably too late. But who knows how crazy it gets.
E.g when ethereum plummeted to 10 cents it was ideal to buy, but you have to have you ear to the ground.
What if the upcoming bitcoin fork will drive the price of 1 btc to 200k usd? what if to 5 cents? what if those values won't change for the next 2 years?
I won't be able to sleep at night knowing I have a lot of money invested in a volatile asset like this.