I think the problem with crypto really is knowing when to exit the market. Right now it's hitting all time highs, but it could easily be like 2021 where everyone fomos in when it's at its highest price and then gets screwed when it suddenly loses 2/3 of its value.
You could adopt the hodl philosophy and just never sell, with the expectation that it will just keep going up in value over the long-term, but I worry that it might eventually get nuked by government regulation or become obsolete due to some more sophisticated replacement. Another drawback with metals and Bitcoin is that they don't pay out any dividends, so you never get to reap any value until you either sell or find some practical way to spend it in lieu of cash/credit card.
I was worried about government regulation before Trump called for a Bitcoin reserve, and it's clear that even the Deep State sees utility in it. And it's not likely to get replaced within my life time.
Dividends are cute, but there's really no such thing as passive income. Just other people using your money for you.
I think the problem with crypto really is knowing when to exit the market. Right now it's hitting all time highs, but it could easily be like 2021 where everyone fomos in when it's at its highest price and then gets screwed when it suddenly loses 2/3 of its value.
You could adopt the hodl philosophy and just never sell, with the expectation that it will just keep going up in value over the long-term, but I worry that it might eventually get nuked by government regulation or become obsolete due to some more sophisticated replacement. Another drawback with metals and Bitcoin is that they don't pay out any dividends, so you never get to reap any value until you either sell or find some practical way to spend it in lieu of cash/credit card.
I was worried about government regulation before Trump called for a Bitcoin reserve, and it's clear that even the Deep State sees utility in it. And it's not likely to get replaced within my life time.
Dividends are cute, but there's really no such thing as passive income. Just other people using your money for you.