Money Talk

Is investing an option?

Submitted by odne693, , Thread ID: 110303

Thread Closed
17-12-2018, 11:36 PM
#1
16 y/o, have a job making good cash money. dont have anything to spend the money so i dont really care about loss. Is investing still an option or should i abandon crypto?

RE: Is investing an option?

#2
Right now the whole market is kinda down so you can buy crypto at a discount before it goes up again some time in the future.
I tried to buy at the lowest points but you never know if it goes even lower so don't spend all your money at once.

RE: Is investing an option?

#3
Of course you can, you just need to be smart about it. Either play stocks or crypto. Just don't get greedy or you risk big losses. Make small gains with day trading and scale upward from there.
Keep in mind pretty much everything is down right now, so watch carefully.

Best of luck

RE: Is investing an option?

#4
crypto is not safe just buy stocks or put them in savings
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RE: Is investing an option?

#5
Crypto is not safe, you can lost all your money. Find alternative ... GL!
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RE: Is investing an option?

#6
17-12-2018, 11:36 PM
odne693 Wrote:
16 y/o, have a job making good cash money. dont have anything to spend the money so i dont really care about loss. Is investing still an option or should i abandon crypto?

no point everything is down and I dont feel like it will go up anymore like its been down for what 2 months now idk I just dont see the point myself

RE: Is investing an option?

#7
18-12-2018, 03:40 AM
inj3ctor Wrote:
Crypto is not safe, you can lost all your money. Find alternative ... GL!
Glad I am not investing in crypto at the moment. Not having money either way

RE: Is investing an option?

#8
18-12-2018, 03:42 AM
visions Wrote:
no point everything is down and I dont feel like it will go up anymore like its been down for what 2 months now idk I just dont see the point myself

When everything is down and everyone is looking depressed it's the best time to buy. I strongly believe crypto will go up again in the future.
Even short term profits are possible, ETH went up 7% in the last 24h. Maybe it's the first sign of a coming upward trend.

RE: Is investing an option?

#9
I truly think investing in smaller coins is a better option than investing in mainstream coins like bitcoin and etherum so maybe do some research in to that

RE: Is investing an option?

This post was last modified: 18-12-2018, 05:04 PM by Thirsty
#10
18-12-2018, 03:38 AM
JennieKim Wrote:
crypto is not safe just buy stocks or put them in savings

I don't know if we're allowed to just quote posts but I just want to say I second this. You're 16.

18-12-2018, 12:16 PM
cgtweb Wrote:
I truly think investing in smaller coins is a better option than investing in mainstream coins like bitcoin and etherum so maybe do some research in to that

Back before Ethereum was super mainstream I bought like $50 or so when it just hit 10/etherand put it inside some wallet. Long story short I lost the fucking wallet but it would have been real fucking nice to have an extra 5k rn.
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