Market is GREEN - Do you trust it

[PRINCEREDROSE]

About 40 percent of those between 24 and 35 have at least $1,000 in their savings account. That may not sound like that much, but 19-year-old bitcoin millionaire Erik Finman says that's enough to invest in cryptocurrency.

The teenager has had some luck with the cryptocurrency growing up: At age 12, Finman used a $1,000 gift from his grandmother to buy his first bitcoin and by 18, he became a millionaire. He currently owns 401 bitcoins, which equals $3.4 million at a rate of $8,512 a coin.

In an interview with CNBC Make It, he offers this advice to other young people looking to join the crypto-craze: Invest 10 percent of your income into the top cryptocurrencies, especially bitcoin.

"I'd just put it into bitcoin," he says. "I think bitcoin is the safest cryptocurrency right now."

Erik Finman
Courtesy of Erik Finman
Erik Finman
However, experts are generally more wary about investing in bitcoin, given its volatility: Although it reached $16,000 just weeks ago, a single coin currently goes for nearly half as much.


JPMorgan Chase CEO Jamie Dimon famously dismissed the cryptocurrency as "a fraud." At the Delivering Alpha conference presented by CNBC and Institutional Investor, he added, "It's just not a real thing, eventually it will be closed."

CNBC's Jim Cramer agrees. Onhe likened the cryptocurrency to "monopoly money," adding, "It's just pure gambling at this point. I mean, if you want to gamble, go to Vegas. Vegas is fabulous."
50 percent of your income goes towards necessities, 30 percent towards discretionary spending and 20 percent towards saving."

In that case, you'd consider investing some percentage of that 20 percent you're saving, as opposed to the full 10 percent of your income that Finman recommends — and in a diverse portfolio, not just in high-risk investments like cryptocurrency.
Additionally, it's important to note that most personal finance experts suggest you live by the 50-30-20 rule

"NEVER BEFORE HAVE YOUNG PEOPLE BEEN ABLE TO CHANGE ECONOMIC CLASSES SO QUICKLY."

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[Temik2704]

Don't relax! This is just a brief respite. I recommend everybody not to play with your greednes: if you see that already has 50%+ profit in BTC value for any coin - fix minimum a half.

[leea-1334]

About 40 percent of those between 24 and 35 have at least $1,000 in their savings account. That may not sound like that much, but 19-year-old bitcoin millionaire Erik Finman says that's enough to invest in cryptocurrency.
--snip--

Yes, early research has shown that more people are entering into crypto, and younger generations are more keen to buy, but the very latest research has shown that these same young people have also already stopped. Meaning, they have already bought or invested, but will no longer add new coins to their holdings. This mean? They are holders. Good news still, as it means they will not be selling.

[malahivet930]

this is an unmistakable sign that the crypto showcase is recuperating progressively after some terrible signs that stone the media a couple of days back. in any case, let trust some positive news will keep on trending about crypto most particularly the bitcoin which is by and by underneath $7k. however this is the best time to add some extraordinary coin to the crypto wallet and sit tight for good return. be that as it may, contributing and exchanging include alot of hazard so everything come down to your own choice to trust or not to trust.

[susutao89]

Also, it's a good time for some investors and traders to actually cash out or get some return, because however small this margin is, it's still better than nothing. Seeing the market green is also a good start for many coins to start recuperating to get they values back.

[artcool0305]

Today the market is green, and tomorrow is red. As day and night replace each other) Now on the green you fixed the profit, and tomorrow on the red one was purchased to fix the new profit after the day

[24Kilo]

Now the green or red market is insignificant. There is always a profit in a long term crypto investment. You can check the price one or two years ago to check the past situation.

[Chronner]

Now the green or red market is insignificant. There is always a profit in a long term crypto investment. You can check the price one or two years ago to check the past situation.

Well, I'm not even hoping for a repeat of last year's races) Although. Last year it all started about the same way

[pitek jahanam]

But sorry. The market is currently down and back to red again. You can prove it yourself by looking at coinmarketcap about what's happening to the market. You do not have to worry if you've long joined crypto. In the past, even yesterday, the market also had declined. But in the end, the market can bounce back. It happened repeatedly. So stay optimistic that later, the market will also again rise again.

[NWPsolution]

I think the green in the market now is just temporary but I think it would take several months for the value of it to return as high as it would last year.  So, the best move to do I think is just hold it. Mist importantly is to invest in promising project. Take a look at NWP solution www.nwpsolution.com

[boss@laway]

A transition for a green, circular economy has encouraged companies to use new tools which boost sustainability. The purpose of this article is to discuss the consideration of life cycle thinking in green marketing as realized by companies.

[fiend91]

I am more optimistic, because I believe that we already got to the heart of this correction. The market should remain green for at least a few weeks, so that we can exit the bearish phase.

[bamita140]

No I don't trust it yet many noobs got burned by holding through this bear market. There will be a lot of selling. both alts and btc are very fragile.

[melliana]

Look at the charts and market, some green or red sign are fake alarm and might get you take to wrong decision. Better to see the market volume which could give you a good analysis.

[pcare2019]

Look at the charts and market, some green or red sign are fake alarm and might get you take to wrong decision. Better to see the market volume which could give you a good analysis.

I agree. But crypto market will go up...

[Kryten12]

Just had a couple of bad days with the latest crypto scare news coming out of Korea of exchange improprioty. I thought the governemnt there was supposed to be regulating hard the exchanges or do they just want to tax them 

[fritzbird]

Do you think the market will stay green or turn red?

It not an easy call

I say green

I think all this green in the market will gradually stay and progress over time,
I can’t safely say or assume that it will stay in course since it is a volatile market
afterall. Most of us notice that there really are reds mixed up despite the
notable progress in prices with cypto. But the latest pump is significantly
proportional to the green that we all have noticed and felt, it’s still a long
process and a lot can still happen.

[goffbar]

It's turn back to red and down to $8k again after almost reach $10k in few days ago. Idk what happen, but it's very sad when see the red market again after some greed market.

[Westinhome]

Definitely, market is recovering gradually. Green means market is now recovering gradually. Trusting on it is your own decision which involves good knowledge of market Investing and trading always involve lot of risk.  if you are able to bear that risk then , invest in solid crypto projects especislly Bitcoin. If you invest with good knowledge, you would earn

Actually some of us here are waiting to green the market and if this will in the red situation.
Because in green we are so glad to increase the price of our coins that we hold because we know it was the time to sell all our coins have for now and waiting so long for that.

[Adrin]

I am a professional crypto currency traders so I am always believe and always trust with crypto currency market. In a short time ago crypto currency market show red signal on the time I don't let to buy altcoin because I am very trust with this crypto currency market and I know crypto currency market will be green again and in a couple of days later the total crypto currency market show Green Signal so I am always trust with crypto currency market and without any kind of doubt.