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Anonymous

21 Aug 2019

Cryptocurrency

Should I invest in bitcoins?

Bitcoin and Cryptocurrency are pretty fuzzy investments to date. Anyone got any good & bad stories about it to share? Or are there any tips and tricks to share with me before I decide whether or not to dive into it?

Discussion (7)

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Andy Sim

05 Mar 2020

HR Professional at a Financial Institution

If you're unsure whether to invest anot, best is don't invest. Pardon me for my lack of knowledge of cryptocurrencies but I feel it does not have any underlying reasons for its fluctuations. At least for stocks you are able to do an analysis and determine if its a good buy or not. I take comfort in knowing what I buy which gives me a peace of mind.

Nobody can know an answer too it, it is highly risky and volatile.

better stick to time honored, better diversified, maybe a bit 'boring', big and very cheap,

global passive stock investing ETFs

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  1. Invest 0.5% of your portfolio in crypto
  2. Earmarked it as a loss
  3. If the value hits 10%, sell it back down to 0.5%
  4. Repeat step 1-4

That's my game plan for the past couple of years. Works well.

The numbers are arbitrary but you get the idea.

Mike Ferrer

20 Aug 2019

Head of Community, Southeast Asia at Chainlink Labs

Educate yourself, learn as much as you can about Bitcoin, Blockchain and Cryptocurrencies and only p...

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