Crypto is risky!
False!
(Source: https://twitter.com/Cryptodko/status/1090907043773497345)
That brings up an interesting question, is crypto really risky?
On the one hand you have a very volatile investment that could lose all your money.
Not only that, but you could lose it all very quickly.
However, and this is an interesting however...
Crypto also represents one of the few opportunities currently to make 10x-20x returns, even upwards of 100x or 1,000x returns.
Those kinds of numbers might be enough to send someone into early retirement depending on where you are.
That being said, we can't have people risking their life savings on bitcoin and crypto, that wouldn't be responsible, but we could and should have people putting maybe 10-20% of their savings in crypto.
Those are high numbers, and the risk averse could put something more along the lines of 1%-5% in crypto.
The point is that the potential returns are so astronomical that you are actually taking more risk by not investing in crypto.
Yea, let that sink in a bit...
I said it...
It is more risky not to buy some crypto than it is to buy some.
You must be responsible in the way you do it though.