Hey guys,
Being relatively new to Crypto, I invested my first dollars about a month ago. However, now I'm getting some feelings of regret. The world's best advisor Warren Buffet, and many others warn to stay away from Crypto. However, I thought I knew better, so I bought some.
But do I know better? I may be better informed than many others, but that doesn't mean that it is a good investment. Can we really know if a coin will be successful in the long-term, or is it just a wild bet?
If I invested my money in a company such as Amazon, I can be confident that the price will go up in the long term because they provide a great service, however how useful are cryptocurrencies at the moment? The increase in price has been mostly from speculation.
So, I'm thinking of getting rid of my crypto coins, and investing "Warren Buffet Style" - in good companies for long-term. I may not get 1400% increases, but I'm also less likely to lose everything.
What do you think? I'd love to hear some opinions!