crypto currency investing, anyone?

One other thing. While I am not an expert in crypto trading or it’s practices, and I do not encourage anyone to follow my lead. I will tel of one thing I have been doing to some success is not fully selling. So for example, I had put just 100 bucks in one crypto, it went up to 1400, I didn’t sell out entirely, I took half. A few days later, the bottom fell out and it tumbled 75 percent. But then a week later, it was up 300 percent. So I locked in a partial profit and then was able to sell the bounce back up. This allowed me to take the profit and invest in other cryptos and cash out my initial investment. So now I’m playing with house money.

I started doing this after I got burned early on in the summer. That crypto I held way too long, missed the peak and tried to ride out. It’s still down, pretty much flatlined.

which is what is killing my Rate of Return.



also, keep in mind, you have to pay taxes now on any REALIZED crypto returns. So track your moves.

and never ever ever “invest” more than you can afford to flush down the toilet. You will take losses in crypto. It’s wise to view crypto as a form of gambling. You may win but you may lose as well. Especially if you dabble outside of the big two of Bitcoin and Etherum.