Crypto

[strife]

It's just a horrible time for Crypto... it's not a great time for any type of investing really... my mutual funds are all gaining for the most part, but it's slow... some are down on the year, but down being like .5%... not 5-10% fluctuations daily.

This whole foray into Crypto has further entrenched my opinion that crypto is just a game and shouldn't be a serious investment for the overwhelming majority of people.

Well, for me it's mindset. You can't worry about the daily, weekly, or even monthly fluctuations.  Was I planning on selling this month? No? Then who cares.  Zoom your graphs out a year or 2 and that's what i'm here for.

The problem with zooming your graph's out a year or two is... very few of the crypto's(that I've seen), have a steady track record of growth... they are all over the place.  Some have been worth basically nothing and then rapidly increase to stupid amounts and then rapidly fall and then go up then down... They are like a company that had 1 viral video and then nothing...  company value jumps to huge amounts, but was unable to repeat that.  We'll see... I think COVID has been good for crypto and that's about the time many of them took their jumps in value... not sure what's going to happen to it once COVID is no longer a worry... and with some countries changing laws for Crypto, it's just a risky investment IMO.  I think many of the Crypto's values are artificially inflated.  Why is Bitcoin worth 40k?  Because people think it is... that's really the gist of it.  Traditional investments are priced where they are because their companies make money and there's actually some science to their values.  Not so much in Crypto. 

I'm a big fan of the buy and hold strategy, just not with Crypto(100% of my investing is on auto buy outside of crypto)... but that's not something I would feel comfortable doing with Crypo.  Like I Said, for most people it shouldn't be a serious investment for.  For some it make sense. If you really know what you're doing, go for it.