crypto

Crypto is having a bad day.

/ Jo Redd / Leave a comment

My crypto account is seeing red. The amount I’ve made just keeps going down, and it is never something one wants to see. I refuse to cut my losses and turn away from Crypto because, in the long run, I think it is going to be a brilliant financial decision for me. At times like this, I tend to try and invest a small amount. It is the same mindset you’re supposed to have with the stock market: Buy when it’s low and sell it when it’s high.

I certainly don’t intend to invest until I’m broke, that would be unwise, but I will keep my tiny piece of the pie for the long-term gain that I know will happen.

*Bitcoin is part of the future of currency.

/ Jo Redd / Leave a comment

I am not a financial expert, and everything I talk about is based only on my feelings and opinions.

Yesterday bitcoin was down to where I was losing close to $50. As you can see, it has bounced back today.

I know this looks scary and intimidating, but as someone who has invested in the stock market for the last five years, I promise you this is nothing new. I realize that Crypto is different from the stock market, but, in my opinion, there is a ton of room for Crypto to grow. It is only a matter of time until large governments begin to accept it as a legitimate form of currency. Within the last year, there has already been one country that has opened its economy up to Crypto. Fundraisers and charities accept crypto donations, individuals receive it when funding projects or other endeavors, etc. I am willing to ride the wave of uncertainty and see where it takes me over the next few years.

I wouldn’t tell anyone to over-exert themself in investing because, like with stocks, something could very quickly go wrong, but it is fun to watch the Crypto market keep rising.