If you invest in it, you must have rules
Do not invest in Crypto if you are new to investing, can't afford to lose the money/have an appetite for high-risk or, have a tendency to let your emotions control your investments.
NKE to [emit slogan] and repeat as proven winner - Go Long
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As predicted upon conception of whoneedscrypto.com, hence the name....
BTC is down over 42%. XRP is decimated, AAVE is close to bankruptcy and others flounder why still more 'coins' named after memes are bought and sold.
I know you remember the days BTC was well over $110,000/share with still steady, albeit slowed momentum, but the Crypto Gurus continued with rhetoric hype that over inflated prices to a point where many of you could have lost thousands (or more), for fear of missing out on the next big thing.
Our previous rules of investing post explained you should only be investing in Crypto if you enjoyed the high-risk, un-fundamental approach or had profits from other investments you could use to take a gamble on.
Don't get me wrong, sometimes gambles pay off, HUGE. But sometimes you LOSE EVERYTHING or, if you had BTC @ $110k your down 50% and wondering how the hell did I get myself into this mess...
I can't get you out of a bad investment, but what I can do is advise you on the best way to make good ones, with little risk and high upside following our "Golden Rules" for investing that was the initial birth idea of our Blog and website.
Bandwagon and hype investing is almost always a terrible idea. Especially when Crypto in general has little added value for mass adoption and it's future is murky at best. Hard to replace Visa (V), AMEX (AMX) and our electronic payment exchanges systems in a couple years...if ever. Give me PayPay under $45/share (current price) and I won't lose money in 12 months. The upside is historically this has been a stock around $100, and at times almost 3X that. That is 5-6X your money upside, with limited risk based on history of PayPal, market cap share, global adoptive use and many other factors.
Not to mention the owner is the richest man alive, Elon Musk, and we do know that everything he touches makes money so I would bet almost everything PayPal isn't going anywhere, anytime soon. Unless it's UP on the next SpaceX flight...
Why risk your money on a short-term gamble when you can invest in of proven winners that will give you piece of mind, financial gains, and help build your future investment portfolio into a well-oiled machine?
New Stock Lock Picks on the way shortly...
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