Everybody’s talking about cryptos lately. If you’re a newbe, you better watch out for these 5 issues before you put all your money into them.
Cheesy Finance: As noted in a post last year, we dipped our toes into the world of cryptocurrencies. Why on earth did we do that? Perhaps a slight case of fear of missing out (FOMO), but also the belief that the technology (and perhaps some of the coins) will survive (and thrive?). It was also a lot of fun with the massive volatility. Where are we today?
“I have advised everyone I know against investing in cryptocurrencies, but somehow I ended up doing it myself.” – Carl from moneymow.com is sharing what he’s learned from investing in cryptocurrencies.
It’s the phenomenon that has captured everyone’s attention. A year ago one Bitcoin was worth around USD900, but now it is trading at USD11,347 – after reaching an eye watering USD19,206 in December. It is therefore inevitable that everyone (including Mrs Smelling Freedom) is asking the same question – Should I buy Bitcoin?
As all of you are aware (if you are not, you have been living under a rock!), cryptocurrencies have gone bananas lately (and plummeted next). We at Cheesy Finance have also decided to dip our toes into the new world of cryptocurrencies: the Combicoin! It’s not really investing, so much as gambling, but you have to have some fun money, right?