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Is Crypto currency a safe investment for long term holding?
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[QUOTE="Guest, post: 1762"] My crypto currency investment is a love hate relationship. I have ample investments is some better known crypto currencies for almost a year now. When i started putting my hard earned money in Bitcoin, LiteCoin, XRP, Dash, Etherium last quarter of last year, it was the hottest investment so far. My investment more than doubled for a few weeks. It was really exhilarating to see all your crypto investments working while you sleep. Literally. my stocks were all green for the rest of 2017. Come 2018 early January. There were so many negative news, publicity that sparked panic and fear to first time investors like me. There were free fall of stock value. From green, my investment started to fall quickly to red. All my earnings were gone. I saw many investors jumping out of the sinking ship. I was in total panic. I cannot sleep nor eat properly because my money is being flushed every minute. I got the urge to cut it off and close my investments to halt the bleeding and salvage all that was left. On that moment, I kept on reading articles, blogs, and things to do while your investments are turning sour. Those articles and blogs were my life saver in turning me into a relaxed man. With much knowledge and experience, I suppose, I decided to weather the storm and ride the ups and downs. As of this writing, my investments are still red but starting to recover from the blood bath. My cryptos are now slowly crawling back to life. As per think tanks and major investors, they are projecting for a massive recovery and hitting all time highs on the crypto currency market this year. I guess this new ecosystem is still on its infancy and many more developments are in store. I just have to enjoy the roller coaster ride while hoping and praying that my investments will recover soon. Well, not just recover but multiply to greater heights. Crypto investment is not for the faint hearted. If you want a safer haven for your hard earned money for future use, then I prefer the old school stocks. It may not be as high yielding like the one I have, but you will have some sort of peace of mind. But always remember that stock investments are volatile even old school investments. Always be on guard and enjoy the ride. [/QUOTE]
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Is Crypto currency a safe investment for long term holding?
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