Is Cryptocurrency Now The Hottest Niche To Venture Into?

if you are an accumulator .. and working to buy as much as you can..that corner can be months away or a year ..once all the tax stuff gets worked out hell maybe people ..the run in the end of last year just put it on the table as a valid asset class versus a fringe thing..

you may noy see the same percentage increase in the next 9 years .. but if it goes from 10,000 to15,000 and steps up even 20 or 50 percent a year .. hell stable increase of 20 percent a year .. from where it is now . would be great for things considered valid assets..

if someone was to get into the niche now.. advising people to accumulate for the next run but not expecting 1000$ increases in weeks or 500% increases ..

And you know this how? Please don't say "because it's happened before". All investment advice that uses past performance comes with a disclaimer "past returns are no guarantee of future performance".

You don't know the next boom is around the corner at all, you're just putting blind faith in it happening.

As for the claim that "it won't be long", remember the words of John Maynard Keynes,

No, l am not an expert, but thanks for correcting me, (albeit with a whip behind the desk).

The software calls them instruments or shares, but the software l use also says that the market is closed?

So they are clearly popular, and looking at the big advertising push l see on Youtube ad,s that is what people want.

You have no proof of this.

great post.. thats the problem i have with people treating bitcoin charts or and crypto like a stock or commodity chart that has decades or hundreds of years of active history ..

bitcoin and crypto is new and the amazing burst of increase in valuation seen in many cryptos last year ..was directly because it was new and many people where trying to cash in..or get in ..and bitcoin was the new shiney..

as you said you have 25 years experience with stocks..and you probably learned from people who had decades ..

bitcoin has been around 10 years.. and there most likely ..short of the USD becoming virtually worthless..i will match the increase in value percentage wise ..that it has had in the last 9 yeas ..

it is a completely different type of asset class.. than anything but beanie babies, original star wars toys ,rare stamps etc..anything that has a limited supply and overtime will be prone to loss damage ..and demand

if i had the money to by bitcoin for the long term at this point the probability of losing access to it with the mobile lifestyle i want to live .. in the long term is high .. and is not a risk i can really tolerate .

Etf, phew l thought you said Elfs!

I do have another online account, that has a portfolio, well virtual one, that l occasionally take a look at, but they charge so much for buy and sell, (Commsec more so) that it is a good platform for long term investors. And only deals in AU or ASX.

I would probably need 5k or more to make anything worthwhile with that one, at least with current P/L


As Whatti said CFD's are risky, and l got no end of warnings when signing up.

Most if not all short or day traders tend to lose everything in their first 6 months or barely break even, (obviously l read this from what looked like a reputable site online).

And some guy also shared how he did on youtube, and yep, he lost quite a lot and seemed to have 20 odd shares, or Derivitive or D shares, running while he talked and filmed. But he got the hang of it after 6 months.

I won't diverge how l have done over the last week or so, but enough to keep trying.

The company l am presently trying out has leverage which is good in one way, but nasty in another.

So for example l go with Bitcoin, put in $50, which is around $64 AU or have $50 US margin, out of a $1000 bank.

So lets say that it plummets 50%, which means that out of my margin, $25 of it is gone, and more disturbing the remaining $450 is also gone, since it has a leverage or 1:20, (or 10k a Bitcoin d-share) or l am risking almost 1k on it.

But you only lose what is in your bank, but you still lose what is left in your bank.

So, yeah, this is like a newbie jumping in the middle of a Olympic swimming pool, potentially dangerous, if they don't have a clue, and just roll a dice and put money on things.

I will stay in the shallow end of the pool, at least til l get my competency levels up.

And they also advertise Crypto to death, which explains the bigger pull money out of your hand when closing a d-trade.

Plenty of juicy deals about, just sign up, get a virtual account going and mess about, then trade for real when you are ready.

Big difference between fake and real trading though, and l had a lot of skills that l brought across to stockmarket trading, so l was new to trading but not so new to other parts of it.

is he able to actually learn the difference ..