View Single Post
 
Old 09-19-2021, 05:38 PM
Malsua Malsua is offline
Veteran member
Join Date: Jun 2019
Posts: 685
Thanks: 47
Thanked 911 Times in 330 Posts
Default

Quote:
Originally Posted by manaboutown View Post
A married couple I know got into cryptocurrency early on and have done very well. They have traded stocks, options and commodities for years and have done well. The thing is they are at it every day like a full time job. My friend has no interest in trading or actively following the stock market. The proceeds from the NJ building sale mostly went into a variety of stocks and index funds but given today's stock market valuations he is loathe to add to those positions.

I'm not talking about day trading crypto, that's a recipe to get wrecked. Dollar cost averaging into Bitcoin and Ethereum is about as much of a guarantee of a winner as you're going to get. Some of the alt coins are solid too, like Cardano, Tezos and Dot.

We're talking buy and hold sell whenever you're inclined to.