Who Can Afford Cryptocurrency?
At $20 000 a BITCOIN to under $10 000 a pop, the world has been blown away at the whirlwind of emotions Crypto put us through in 2017. People became millionaires over night, some lost millions buying over priced assets while others, dare not speak it's name. Who should invest in Cryptocurrency and who has enough money lying around to do it?
Well the answer is..if you can't afford it, don't do it! Crypto is an investment like any other and you should never spend money on it that you don't have. The greed gets the better of people and they jump in without any guidance or experience. If you're thinking of investing in Crypto, research the coin, find out what real life applications they plan on building for it, ask yourself whether thats something people will actually need and want in the future. Look at their following, look at their unique take on the industry and their plan on innovation. Although Crypto is a currency, it is still a baby in terms of infrastructure and direction. There are a few coins that are innovating the space and managing to create fruitful enterprises. These are the kinds of coins you should look into.
I really like to use FunFair as an example because it gets right to the point, "people love gambling" and it is an innovative technology that is widely followed so this would be a good coin to look into. Although this investment is seen to be a 5 - 10 year investment, it will be worth the wait and it will allow you time to build a portfolio gradually while you wait to reap your benefits. Remember, its okay to pace yourself and that you are not "running out of time". There will always be something new to invest in so do your homework and spend money accepting that you may not see it again.
Please note that I am not endorsing any coin, this is only an example.