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  • I just want to finish on your thoughts to anybody who is tuning in, who isn't part of the space, who still thinks, you know, crypto is weird and risky or they think that....

  • It is weird and risky.

  • Well said, well, how should they start to get their head around the space?

  • What's the best way to start?

  • And is it necessary for everybody or should some people not bother with?

  • It's not necessary for everybody at this stage, but the earlier you get in, the better of an advantage you get.

  • So I would encourage everybody to read up on just a theoretical side of it and you know, allocate a little something, you know, 5% of the liquid assets just to experiment just to experience it just to see whether it's a good fit for them.

  • It's not for the faint hearted.

  • Uh, these things can move 2030% in either direction overnight.

  • And then, you know, I've lived through a few bear markets in 2018, Bitcoin lost 86% of its value.

  • It's quite something.

  • How do you make it through that?

  • How do you make it through that?

  • Well, I was consumed by work, so I didn't pay much attention to that, but you have to take the right time horizons with your crypto investments.

  • Yes, it can happen over a month. You can be 10 x up.

  • But you know, Bitcoin is the best performing grown horse repeating.

  • It's the best performing assets, whether you're taking on a one year, three year, five year, 10 year basis and depending on which cycle you got in, you know, it might take longer than otherwise.

  • Other people even, you know, you hear the war stories and everybody making money, as you said, I see 20, 30 million is pocket change for some, but it's a new way of investing.

  • Buy and hold has always been a very good strategy.

  • So with crypto again, but you have to have a small allocation Just learning about the text, just seeing the price action, because you grow immune to it.

  • I mean, 20% drop now does not raise my heartbeat at all, and hasn't always been the case.

  • Um, and, you know, just be open minded, something that might be ridiculously sounding as, uh, you know, pictures of rocks on material networks, it might have some merit into it.

  • So it takes some adjusting.

  • It's a brave new world, but I encourage everybody to, you know, please dip their toes in it.

I just want to finish on your thoughts to anybody who is tuning in, who isn't part of the space, who still thinks, you know, crypto is weird and risky or they think that....

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A2 crypto performing risky encourage weird allocation

WHEN IS THE BEST TIME TO GET INTO CRYPTO? ?‍♂️ Antoni Trenchev of Nexo.io

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    林宜悉 posted on 2021/10/17
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