Crypto currency investment: good idea or not?

Good day friends. Hope you are all doing well? Its been awhile i wrote an article, I have been a little bit busy this past few days trying to put together some strings and troubles am facing in a business am trying to make big on the net. I hope it turns out well though.

Putting that aside, i have decided to take a little of my time to write this article concerning the investments on crypto currencies. I want to talk on whether its a good idea or not to put much investments in something like the crypto currencies.

Most of you might already know what it means to invest your money in crypto currencies. Some might not.

Now let me spill the beans what it takes to invest in crypto currencies.

Crypto currencies like the bitcoin, Ethereum, BitcoinCash and so on are one of the most volatile and flexible currencies in the world today. The crypto currencies are so volatile that you could loose or gain billions with the click of the finger. Because of this, investing a huge sum of money in the crypto currency i would say is a very very very huge risk.

I have traded in forex platforms like Metatrader and so on and i got to learn alot of things about this crypto currencies. If you are a forex trader you should know what i am talking about. Today you could make a profit of over $100 and tomorrow you could also loose that whole $100 in a minute and it will all just be happening like a movie in your eye, so risky right? I guess hell yes!.

That kind of instance happens alot when it comes to crypto currencies but it rarely happens in other assets like USD, oil, gold etc because they have a more stable price than crypto currencies. Bitcoin could rise to $20000 today and fall to $8000 tomorrow because the price is very very unstable.

Now about my question.

Is it a good idea to invest in crypto currencies or not.

To my own understanding, I would say it is a very good idea if you are smart enough to make the right moves at the right time. Let's take for instance BitcoinCash. You could invest about $1000 to buy BitcoinCash to just keep it inorder to sell it when it rises very high so you would get profits. If you buy BitcoinCash when it is at a very high price, you just made the wrong decision because you might get loss instead of profit. You have to invest or buy a crypto currency when it is at a low price.

At the beginning of the year, Ethereum was around $190. People who were smart enough to buy it in huge amount as at that time would be swimming in profits now due to how it shot up to $240 within a few months.

Also, i would say investing in crypto currencies is a good idea if you are capable of following up the news and happenings around crypto currencies every single day. Following up news on crypto currencies gives you an edge to know if you should put your money in a certain coin or not. News lets you know if a certain coin has a great future or has a bad future in the years to come. This is a very important aspect of investments especially in things like crypto currencies. Even forex traders use this technique alot in predicting prices of assets because it helps alot in knowing what you are about risking your money into.

Let me be frank with you all. What kills forex traders or crypto traders or stock traders or any other trader that deals on assets is "GREED". Greed has made alot of people loose billions and millions of dollars in trading. Greed is one of the most pushing force in trading assets and it is very difficult to avoid it. It pushes you to do the right thing at the wrong time and the wrong things at the right time which will result in losses and even tears hahaha.

My best advice is. If you want to invest in crypto currencies, learn alot about it first. Get enough information you need to know before putting any money in it especially if its a huge amount of money.

Thank you all for reading. Have a nice day.