⁣I’m down about $90K from all-time highs of Bitcoin and Ethereum.
As such I think it’s an appropriate time to talk about the risks of investing
in cryptocurrency, but also why I still think it’s worth it.



Cryptocurrency is easily the best way to grow your wealth
quickly, but it also comes with a lot of risk and volatility. While my crypto
portfolio is up hundreds if not thousands of percent, my stock portfolio is
only about 13%. On top of that, my crypto is more liquid and can be spent, held
in a decentralized, transferred instantly, and operational 24/7/7.



But because it’s a growing market and still in its infancy,
the volatility can rock a lot of people right out of the market when they start
seeing massive losses. I think it’s important to remember and recall previous bull
runs like in 2017 when we saw at least 5 or 6 massive drops of about 30% or
more in Bitcoin and subsequently Ethereum and the rest of the market. I still
believe it’s a good sign that Bitcoin still leads the market and that it’s not
really lost its dominance, but obviously losing massive amounts of unrealized
gains is unfortunate.



I still have all the faith in the halving and how the stock to
flow model outline where we are headed and even if we don’t see new all-time
highs this year, I believe with the Ethereum 2.0 upgrade, the whole market will
go up dramatically.



I just wanted this to serve as a warning that I never said
this was low risk and we will see crazy volatility, but more importantly that
beyond Bitcoin, Ethereum and handful of coins, you’re multiplying your risk so
much more than is healthy for any investing portfolio. Minimizing risk should
always be the goal when investing, not maximizing it. Invest, don’t speculate.
Build wealth, don’t trade.



Have you ever invested in something that was a scam or a rug
pull? What is your take on crypto investing? What percent of your portfolio is
in crypto vs stocks or precious metals? Let me know what you think about this
in the comments below and don’t forget to subscribe!



*Disclaimer: This is not financial advice and is purely
for entertainment purposes. What you see, hear, or read is my personal opinion,
and any statements made are based on my views and should not be misconstrued as
fact. My crypto portfolio may or may not be simulated*



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