Is investing in bitcoin or crypto worth it in 2021? I thought it would stagnate by now but there has been a lot of growth at the beginning of the year, if i remember correctly. I was thinking about putting a chunk of money on my wallet and letting it snowb

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Anonymous 2021-12-20 (Mon) 22:34:39 No.21931

Is investing in bitcoin or crypto worth it in 2021? I thought it would stagnate by now but there has been a lot of growth at the beginning of the year, if i remember correctly. I was thinking about putting a chunk of money on my wallet and letting it snowball until it grows a couple of times so that buying an apartment will be easier for me, but I can't seem to decide without asking my internet friends about it first. Based or cringe idea?

Anonymous 2021-12-20 (Mon) 22:52:20 No.21932

I think it's better than a savings account, but I wouldn't expect big gains anymore.

Anonymous 2021-12-21 (Tue) 03:13:59 No.21934

Investing in speculative commodities is always a recipe for getting screwed. The people who stand to benefit in this zero-sum game are the early investors and the already wealthy who have the power to corner the market and then dump at the proper time. You're more likely to be left holding the bag than end up coming out on top.

Anonymous 2021-12-21 (Tue) 03:17:10 No.21935

Crypto investing is equivalent to day trading, it's just noise

Anonymous 2021-12-21 (Tue) 10:38:08 No.21940

>>21935
wtf is day trading exactly, is it literally about doing stocks only at day?

Anonymous 2021-12-21 (Tue) 12:42:57 No.21944

>>21931
I would just go for it, I started last year thinking I was always too late, and doubled my savings, although the price was a lot lower last year,iam personally wary of just letting it stay there, because the price may crash, planning to pull it out next year

Anonymous 2021-12-21 (Tue) 13:00:55 No.21945

>>21940
buying a security and selling it within the same day
as opposed to more long-term management

Anonymous 2021-12-22 (Wed) 05:49:30 No.21958

>>21945
i hate the stock market so much
why do they have to invent their own terms

now i gotta google what security means

Anonymous 2021-12-22 (Wed) 13:17:08 No.21962

I invested in bitcoin since 2019 and 2.5x what I've put in. You can still make gains with it. Presumably Bitcoins price will
1) crash now and rise steadily until November 2022
2) significantly rise and then crash before steadily rising until November 2022
That's just the prognosis for now. We should be around the 100k to 200k range next November.

Anonymous 2021-12-22 (Wed) 14:44:54 No.21964

>>21958
securities are just any kind of financial contract that you can trade. stocks/equities, futures, loans, etc
clicking around on investopedia can be useful, although they can still be pretty opaque

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