Something about your investments 😀 Who has some crypto, BTC etc.?
Business Marketing with Nika
28 replies
What is the future of these assets?
Do you find it a legitimate way of a financial asset?
Is BTC a digital gold?
Let's discuss.
Replies
Elena Tsemirava@elenat
I keep a portion of my money in bank deposits, regularly invest in stocks, and allocate funds to both pension and construction funds. I don't have time to get into cryptocurrency, although it might make sense to do so.
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@busmark_w_nika I used to spend a lot of time researching new crypto currencies and NFTs but most of the time these rather unknown altcoins are only for gambling. If you invest in crypto, you should really understand the use case and technology behind a currency or project IMO
The way I look at crypto is like professional gambling. I was really into learning about blockchain and decentralized networks when crypto first came around. I was into mining when you could do it just from having a spare video card and not a 4 dozen rack setup. Overtime I saw how volatile it was and how the crypto trends could be altered by singular events and lost a lot of interest. So now if I see a crypto that actually has a utility to it, or some function other than being a virtual currency, I may look into it and if it looks honest, I would pick some up but with the understanding that it could be a full and total loss of the cost. That way if it works out, its a nice surprise. I never made any huge amount of money with it, I have got lucky a couple times and just happen to be holding a coin and was able to trade it and make more than I put in. My favorite are the projects that require zero investment and earning coins through tasks, or different proof of work systems, like proof of location, proof of trust, etc.
The only two coins that I would put a "investment" feeling towards would be BTC or ETH. Mainly because of their longevity and wide usage, and feel if you have some cash you want to play around with and maybe wager on it, those are what I would go for. Blockchain has some really great utility and applications to it, but I would not recommend crypto for anyone looking for a solid investment or anything remotely close to a "safe" investment. You literally have better odds with lottery scratch off tickets than making money in crypto market, but hey there are still chances to make big money fast......or lost it fast lol. I don't see it as the major future in finance, but I do see it as staying around as a high risk investment for those who want try their luck.
@reconcatlord Yeah, I am the same: BTC and ETH.
My relatives gave me their point of view like: It has no future anyway. 😂 All my expectations were ruined. Lol.
@busmark_w_nika awww Nika, I also had such super high hopes, I thought it was the coolest thing when it first started getting big. Everyone was always putting it down, and I stayed positive, but then after seeing all the major fallouts it has had, it left me kind of let down. But there are still some cool projects out there. There is one that I been waiting like 8 years on and its supposed to become tradeable this year. Pi Coin, its a proof of trust coin that was created by students and professors originally from a couple universities, so it had a really honest and useful building. All you do is literally press one button every 24 hours on the app, the more people in your "security circle" who also press their one button a day, the more of the coin you mine. I have like 10K of them since I started it so long ago and always kept up with it, and its currently valued at 32, however, when it becomes tradeable it will probably tank big time to like 0.32 lol
Who knows maybe I will get lucky and it will only drop by half, 10K x 16, I would be more than happy with that for pressing a button once a day for a couple years with zero actual investment. 🤣🤣
@reconcatlord A Friend of mine showed me the Pi coin app during our Clubhouse sessions. I didn't get it so uninstalled the app. Hope that you will earn something. :-D
@busmark_w_nika aww Nika!! That's ok, my luck it will probably be worthless by the time it becomes tradeable, I hope not, I wouldn't mind a free quarter million. 🤓😊
The only two coins that I would put a "investment" feeling towards would be BTC or ETH. Mainly because of their longevity and wide usage, and feel if you have some cash you want to play around with and maybe wager on it, those are what I would go for. Blockchain has some really great utility and applications to it, but I would not recommend crypto for anyone looking for a solid investment or anything remotely close to a "safe" investment. You literally have better odds with lottery scratch off tickets than making money in crypto market, but hey there are still chances to make big money fast......or lost it fast lol. I don't see it as the major future in finance, but I do see it as staying around as a high risk investment for those who want try their luck.
@amanda_silmon Hi Amanda, why did you copy Nick's statement? :-D
The way I look at crypto is like professional gambling. I was really into learning about blockchain and decentralized networks when crypto first came around. I was into mining when you could do it just from having a spare video card and not a 4 dozen rack setup. Overtime I saw how volatile it was and how the crypto trends could be altered by singular events and lost a lot of interest. So now if I see a crypto that actually has a utility to it, or some function other than being a virtual currency, I may look into it and if it looks honest, I would pick some up but with the understanding that it could be a full and total loss of the cost. That way if it works out, its a nice surprise. I never made any huge amount of money with it, I have got lucky a couple times and just happen to be holding a coin and was able to trade it and make more than I put in. My favorite are the projects that require zero investment and earning coins through tasks, or different proof of work systems, like proof of location, proof of trust, etc.
Nika, Gold will be always gold but i for specific purposes, crypto is a gem. I have known BTC from the time when the price was 1 BTC = $900 USD only. I regret i was not in a position to afford the BTC at that time 😅😅
@istiakahmad Whaaaaaat? :-D I don't remember those times. I would be probably all in to know what happens next.
@busmark_w_nika Nika the BTC will hit 100K on the next bull-run for sure. Screenshot and save my comment 06-01-2024 😁
@istiakahmad Don't you have one bitcoin to share? :-D
@busmark_w_nika 😅😅😂 unfortunately i do not own any bitcoin 🤣🤣, i regret this. But the wise decision will be to buy POLKADOT and CARDANO as the price are very low now and in a year or so it will return xxxx% 😁😁 .. am i becoming a crypto astrologer! 🤣
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Hey there! Investing in crypto and BTC can be quite an exciting venture, don't you think? The future of these assets is definitely intriguing, and many people see them as a legitimate way to diversify their financial portfolio. Some even refer to BTC as digital gold due to its store of value and scarcity.
I'd love to hear more about your experiences and thoughts on this topic. Feel free to share your insights!
Given the fact that the international financial markets are going to break down at one point anyways, it is wise to keep some of your assets in crypto.
Depending on the project, cryptos are legtitimate assets. There are many good and also very profitable projects out there. There are many scams too, but these existed also before BTC or any cryptos. It is careless to ignore the opportunities given with crypto.
As in any money related topic it is important to do some research and not blindely invest somewhere.
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As a passionate follower of the ever-evolving world of cryptocurrencies, I must say that my investments have been quite an exciting journey! 🚀 I do hold a diverse portfolio of crypto assets, including BTC, ETH, and some promising altcoins.
The future of these assets is certainly intriguing, as the rapid advancements in blockchain technology and growing mainstream adoption point towards a bright horizon. 🌅
In my opinion, cryptocurrencies are indeed a legitimate financial asset class. They offer a decentralized alternative to traditional financial systems, empowering individuals with more control over their wealth. 💪💰
As for BTC being digital gold, it's a fitting analogy! 🏆 Just like gold, BTC has a finite supply, making it a valuable hedge against inflation. Moreover, its increasing acceptance as a store of value and an investment vehicle further solidifies this comparison. ⚖️
So, the world of cryptocurrencies is filled with potential, and I believe they will continue to play a significant role in reshaping our financial landscape. Let's keep the discussion going and embrace the exciting future ahead! 🔮💸
I've been dipping my toes into crypto lately, mostly Bitcoin and Ethereum.
@emily_harris are you waiting for the moon 🚀 or hodl or what is your approach?
Personally, I've never invested in crypto but I've found success with stocks and maintaining a savings bank account (you can check reviews her https://www.pissedconsumer.com/c... to find the best option for yourself). Crypto can offer high potential returns, but it also comes with significant volatility and risk. I prefer the stability and predictability of standard investments.