Having bought loads of Bitcoin back around 2012-2014 to buy all sorts on the Silk Road, and realising I'd be a millionaire many times over if I hadn't spent them on illicit substances, I decided, once I started on LB, to invest in Etherium instead.
I once exchanged 46 bitcoin for just under $500 of product..... Ouch.
Back when I started on here I was exchanging everything to ETH from the BTC, and I'm glad I did. Recently it's dropped a bit but I'm still looking at around 400% return on investment over 12 months. Nothing like what I would've had from BTC back in 2012, but slightly better ROI than BTC in 2020.
As with any crypto, it could go south at any point, but I'm holding out with my ETH for the long haul, probably until at least 2025.
As a small seller (and a tradesman classed as an essential worker)I'm lucky I don't need to rely on the income from here, so can keep it invested long term.
In my experience, best thing to do with any crypto investment is to buy it, then don't look at it until you have to. As a rule of thumb, it's only going to go up, but on a daily basis it can fluctuate so much it'll give you a heart attack if you look too often!
Who knows, hopefully my investment pays off. Only time will tell I guess.
Cheers BB
I once exchanged 46 bitcoin for just under $500 of product..... Ouch.
Back when I started on here I was exchanging everything to ETH from the BTC, and I'm glad I did. Recently it's dropped a bit but I'm still looking at around 400% return on investment over 12 months. Nothing like what I would've had from BTC back in 2012, but slightly better ROI than BTC in 2020.
As with any crypto, it could go south at any point, but I'm holding out with my ETH for the long haul, probably until at least 2025.
As a small seller (and a tradesman classed as an essential worker)I'm lucky I don't need to rely on the income from here, so can keep it invested long term.
In my experience, best thing to do with any crypto investment is to buy it, then don't look at it until you have to. As a rule of thumb, it's only going to go up, but on a daily basis it can fluctuate so much it'll give you a heart attack if you look too often!
Who knows, hopefully my investment pays off. Only time will tell I guess.
Cheers BB