Are you investing in crypto currency alone?

[johnwest]

The economy has taken a hit everywhere but investments are booming. Look at the stock market, it is not going down. People are using the stimulus package money and investing them rather than spending them. Still, I would say more people have suffered from financial problems and this pandemic just made it easier for rich people to get more rich.

[The Sceptical Chymist]

Because I really believe that gold has a very bright future like Bitcoin.

Hate to tell you, but the only thing bright about gold is if you get a nice, shiny proof finish on a coin or bar and hold it at a certain angle.  Gold has historically been a terrible investment, no matter what the goldbugs may tell you--and if you compare it to bitcoin, well, there's really no comparison.  Bitcoin wins hands down.

Now, as to the question OP asked.  No way am I holding most of my money in crypto, not even close.  In fact I don't think anyone should go that route unless they're really young, and even then I would plan on diversifying at some point.  I was a stock investor well before bitcoin came along, and that'll remain my primary passion regardless of how much I like bitcoin and a handful of altcoins.

Crypto is just too volatile and unpredictable to store most of my "wealth" in.  I used quotations there because I wouldn't call what I've got as real wealth.  I'm so far from being rich that it's laughable.  I also like income investing strategies, which bitcoin doesn't provide simply by buying and holding it.  True, there are PoS coins but most of them are on shaky ground as far as whether they'll even exist in 10 years from now.  But hey, that's just me.  I'm probably older than a lot of members here, so I can't afford to invest everything in crypto.

[chikading2016]

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

I am investing in crypto but i do not put all my money on it. We know that crypto is unstable so we also need to find another way to earn money and i think business is also good. Pandemic is now slowly gone we have now a vaccine for it so maybe economy will soon back to normal.

[icopress]

Gold has historically been a terrible investment, no matter what the goldbugs may tell you--and if you compare it to bitcoin, well, there's really no comparison.  Bitcoin wins hands down.

You mean the value of gold is based on fear? Or the fact that in the event of an economic collapse, there are no guarantees that gold will cost as much as it should be (given its world reserves and the fact that its main reserves are at a depth inaccessible to humans).

No way am I holding most of my money in crypto, not even close.  In fact I don't think anyone should go that route unless they're really young, and even then I would plan on diversifying at some point. [...] Crypto is just too volatile and unpredictable to store most of my "wealth" in. [...]

As for age, that's really wise advice ... but I don't think you're older than philipma1957 or Vod to talk about old age in the first person, (if asked, I would definitely say that you are no more than 40 years old). But if we talk about investing in cryptocurrency, about OP's question, and about craving for something like that, then I would recommend that anyone first ask themselves why this should not be done. Only after such questions does it make sense to think about lost profits and the benefits of investing in cryptocurrency.

[Yatsan]

As soon as the pandemic have brought us into quarantines and having very strict protocols, our country based on what I am seeing is somewhat somehow doing a slow recovery when it comes to economic growth since the business establishments and offices are getting back with limited working capacity to provide products and services making the prices of goods to cut down a little bit compared to when the pandemic have started.

Primarily, I am into investing with crypto but not just that because I am also having some business ventures to keep the money coming since you have to work harder at times like this. Yes I do work and invest in crypto but I do also have other side jobs to work with to continuously provide financial assistance to my family as well.

[Luqman]

For a digital investment, I only invest in crypto, no others. I think it is enough to invest in crypto. Crypto investment offers the biggest chance to earn high profits. I ever check stock investment, but I am not interested because it has complicated ways. It is quite different from crypto investment, it is simple and easy to understand. We also don't need big funds to invest in crypto. We can start with small funds or with minimal funds.

[Kittygalore]

That's the only way and the cheapest way to invest these days so I guess I have no choice but to invest in crypto alone. I don't mind that though since I know that if I accumulate enough bitcoin and hodl long enough, I am sure to get a lot of profit when the prices started to go up again.

[Taskford]

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

For now since the economic state is not so fine and its not good to release some capital outside I temporarily majority of my money in cryptocurrency, so far I'm earning decent amount here but once everything is in good shape I will try to build up again my small business. For now my main focus is to earn more from cryptocurrency and wait for good times in economy will happen and hope everything will be alright so that we can get back on our foot again.

[dimox]

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

im sure if crypto make our fund great. but, back to crypto, they need time to grow. no problem if people have daily needs, or its enough until get money back from crypto or other investation.
but, crypto is friendly way to get money than other, and be good choice.
country will shaky about thia situation, not only government, public muat be smart to balance what they need

[SacriFries11]

That's the only way and the cheapest way to invest these days so I guess I have no choice but to invest in crypto alone. I don't mind that though since I know that if I accumulate enough bitcoin and hodl long enough, I am sure to get a lot of profit when the prices started to go up again.

I agree, we’re the same. It’s the only investment that I have right now but due to high volatile of cryptocurrency and need some passive income. I’m thinking different things that will provide me profit and I don’t want to put all my money in one basket. Finding different investment beside crypto and a lot of opportunities waiting for us not only in cryptocurrency, it’s just different because we already see the future of digital currency. We are ahead to the others that didn’t know about it, so better to invest in cryptocurrency. 

[LogitechMouse]

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

In our country, if you will compare the economic status of it last year and this year its obvious that there are some improvements already although overall it went down.
Unemployment here increased by a little bit at the start of the pandemic until this year, prices of some necessities went up. Even though employees can go outside now and work in their respective offices, there are still businesses that are still closed now thus, some workers doesn't have any job until now which is quite unfortunate.

Now with regards to investment, I'm also investing in stocks as of this moment and most of my money is into crypto. I know its a very risky move but.... yeah I'm ready for it .

[Oasisman]

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

Economic status in my country? Well, one word to describe it's "tough".
The national healthcare provider is stealing billions in our currency.
Quarantines has still been going on, killing all business establishments.
Worst unemployment record.
Stimulus? None. Government support fund is very limited. You'd be lucky If you have received $200 over the course of the pandemic.
Some government funds for the financially affected individuals has been lost.

So, I might say lucky are those who are still able to invest in crypto and other investment platform amidst the toughest economic situation in my country.

[newwest]

With my little money, I can only invest in cryptocurrencies with the dream that the money will multiply dozens of times. Diversifying investments with a small amount of money is very difficult. I try to choose coins with large potential with a small-cap for long-term holding. So far, the profits are not high, but I think the results will come in a few years.

Once every one start with small and consistency and some luck does help you to build wealth. Once you make profits then you can start diversifying with those profits in some other asset class and keep doing this and start building your portfolio. Its fine what ever small the amount can be but making money work for you is vital.

[AniviaBtc]

I also invested with the stock but I prioritize working with my investment here in cryptocurrency.

I really want to deal with risks that's why it made me to love engaging in cryptocurrency more rather than stock market that is super slow.

If you want a long term investment then just deal with the stock because you will just hold there, you can also hold in cryptocurrency but it is your choice to trade.

[Hippocrypto]

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

Yeah I do invested all alone since year 2017 until present, but that doesn't went good because of several circumstances that I had been through financially. There's a lot of opportunity loss that I wasn't able to pursue during old days, but I tried to move on and recover those losses. For now, I've still holding other altcoins which I think may prosper in the future.

[worle1bm]

Not many countries have made available stimulus package for its citizens to help soften the economic effects of the pandemic.
With many nations of the world still recovering from the economic realities caused by the pandemic, how will you describe the economic situation in your country at the moment?

I am curious, Apart from your crypto Holdings, what other investments do you have? Or are you investing in crypto alone?

I was a diversified trader in the past like investment in various fields were my main objective to allocate my extra funds like stock market,blue chip funds,crypto and gold but with rapidly changing scenarios I aslo adapted to it and reduced my diversification.This pandemic have encouraged me to go say 70% in cryptos out of which 55-60% in btc and ETH and other altcoins like SOL. Other options available with me are some scattered funds in blue chip with capital guarantee plans for further.Real estate require some huge investment so I drop it off and holding gold in locker from past.Was also lucky to invest at dips few weeks before and holding it for long.

[sumant]

We can not put our all money in crypto alone because they are very volatile. You can loss your all money in this market. You can get a higher rewards also but very risky. We can invest sum of money in our country markey they can give loss but not too early, even we can invest in gold as well.so no need to put all money in cryptocurrencies.

[BigBos]

We can not put our all money in crypto alone because they are very volatile. You can loss your all money in this market. You can get a higher rewards also but very risky. We can invest sum of money in our country markey they can give loss but not too early, even we can invest in gold as well.so no need to put all money in cryptocurrencies.

in fact, I also don't keep all of my assets in the crypto world. however, I know that the crypto world is very risky. I even saw many people selling their assets to enter the crypto world and losing money there. Well, right now, I'm probably keeping my 40% in crypto, and the rest is in other investments.

[dark1234]

honestly...cryptocurenancy is one that I have been following since 2017 and I have earned a lot of income from investing and as a bounty hunter.
from the experience that I have gained sometimes investing here is more profitable than others if we can be patient with the waiting time for the holder, but because there are risks and fluctuating prices, then I have to have another investment with minimal risk so I invest 80% of the funds I'm in agriculture and animal husbandry

[globalpain]

We can not put our all money in crypto alone because they are very volatile. You can loss your all money in this market. You can get a higher rewards also but very risky. We can invest sum of money in our country markey they can give loss but not too early, even we can invest in gold as well.so no need to put all money in cryptocurrencies.

in fact, I also don't keep all of my assets in the crypto world. however, I know that the crypto world is very risky. I even saw many people selling their assets to enter the crypto world and losing money there. Well, right now, I'm probably keeping my 40% in crypto, and the rest is in other investments.

The greater the risk, the less money I invest. like in cryptocurrencies. apart from this I also trade in forex, which I see is less risky than cryptocurrencies. In addition, the property business holds the largest capital because I see this business as the safest. with the diversification of the risk level, my assets continue to grow because I am comfortable living it so that there is no pressure when crypto crashes

When it comes to risk, of course, there is no doubt that cryptocurrencies are quite high risk,
I think everyone already knows about it, so before we jump into cryptocurrency we have to be really ready,
if we trade or invest carelessly without careful strategy and consideration, of course we will lose