* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Here’s Why Crypto Still Makes Me Nervous

Date:

Share post:

A lot of people I know have purchased cryptocurrency over the past year. But for the most part, I’ve stayed away. I have a negligible amount of money in crypto, and I don’t see myself expanding that position anytime soon.

Although I don’t consider myself a particularly risk-averse investor, cryptocurrency makes my stomach churn. Here’s why.

Image source: Getty Images.

1. It’s so volatile

As someone who’s been investing in stocks for well over a decade, I know full well that the market can swing wildly. But as volatile as stocks can be, cryptocurrency tends to be even more erratic.

I know that you don’t actually lose money as an investor until you liquidate positions at a loss. And I’ve done my best to position myself to not have to tap my portfolio for cash by building a solid emergency fund. But even so, those swings are just too extreme for me.

2. It hasn’t been around that long

I own a number of stocks that have been around for many, many decades. Cryptocurrency, meanwhile, didn’t exist until about 13 years ago, and there’s something unsettling about that. In…

Read more…

Related articles

Three Unique Embedded Fintech Distribution Models Growing Fast

Embedded financial services– whereby any company layers financial services into its offering – is all the rage in...

Uniswap moves onwards and upwards as increasing dominance spills into this area

Uniswap’s NFT aggregator registered a sharp uptick in sales volume and active users. Native token UNI jumped by 3.61%...

Game Devs Surprisingly Skeptic About Blockchain and NFTs, Report Says

Vladislav Sopov State of Game Industry 2023 report by Game Developers Conference that kicks off in San Francisco in...

This Week in Coins: Ethereum Drops as Aptos, Axie, Avalanche See Big Gains

Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market's fourth consecutive week of marketwide gains....