Wednesday 27 July 2022

Cryptocurrency is making a comeback?

 I have talked about investing my rewards, that I get from Timebucks, in crypto currency earlier and it has been a steep decline since height of the boom 2021.

As I have said, and everyone that has sane thoughts about investing in crypto is that don't invest money that you can't lose. 


Okay, this is just one day and my portfolio went from 1850€ to 2110€. Volatility is very high and since the last boom was over a year ago and there was a small bull run in April and I invested my own money, that I was willing to lose. I have bought a small amount every time I get cash out from Timebucks and luckily I have made steady buy in when the prices have been quite low. 


This is one of the cryptos that I have heavily invested as you can see. Compared to Bitcoin, this has more potential in my opinion.


As you can see around April and now there is more gain to be have than the all mighty Bitcoin. And Bitcoin cost so much that you can't invest small amount money, because fees takes too much. 

How about memecoins? Aka shittycoins, let's take a look at the legendary Dogecoin:


Yes, the price is ridiculously low and buying for 1000€ you shit load of coins and if, that is very big, ever goes past four digits, you are filthy rich. But I wouldn't hold my breath. 

Now, some say that this isn't a speculative commodity but a currency. But when the currency isn't tied to anything, the price can fluctuate wildly. Secondly, where are the stores now days that accept crypto as payment?


Oh, by the way, on Thursday it's this months fourth payment from Timebucks!


And I've made $55.47!



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