Beyond a fair understanding of the blockchain tech, I never actually understood how crypto worked. I did invest a small bit and also made some money but I have to confess that it was due to sheer luck and also patience. So, I find the crypto market a maze.
Having mare that disclaimer, I feel buying into crypto or even crypto shares at the present levels and value (which I am not sure of) is very risky. That it is extremely speculative is all I see. Of course, there is a lot of money to be made if one is smart. I would be comfortable only when Bitcoin goes well below SGD 100000. Till such time, I am OK to wait in the sidelines. The only position I might take would only be for amounts <$5000 in MSTR & MSTU and that too sourced from the gains I make elsewhere. And that too only due to FOMO ( I am human too [Sly] ) & to cure the investing itch. If one were to pump in huge amounts at present levels, I feel, one is better of in a casino at 🇲🇴 or Las Vegas.
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- The Retail Trader·08-31TOPGood thought, sir, many times FOMO is the winner [Happy]1Report