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Monday, 18 December 2017

Should I invest in cryptocurrency?

"No no no no no no no no no no. 
It's a bubble. It's speculative. It's fundamentally unsound!"

But how about the returns? I heard about Bitcoin having astonishing returns!
"Hmm.. Well..As of this moment of writing, Bitcoin is trading at $19,535. 
It's $959 on 01/01/17"



WOW? IS THIS IS A 20 FOLD RETURN?

"Yes. You're right you didn't see it wrongly. 2000% return.
$1000 invested means you'll have $20,000 today."

Oh my god. If I've invested $100,000..
"You would have $2,000,000 today!"

I heard about alternate coins too! What's that?
"Nothing much.. Just another ponzi scam out there that are named differently :)"

Can you name some?
"Sure. Why not? Ethereum, DASH, ZCash, IOTA Litecoin, Monero..."

I can't wait. I'm missing out too much now. FOMO game is strong here! I need to get started! Can you please tell me how?
"No..no..no.. Don't dip your toes in please. The bubble is going to burst soon!"

Many of my friends have started playing with Bitcoin recently. One of them even mentioned that he wants to quit school to go full-time in crypto investing. He profited close to USD 3,000 last month from crypto-investing. This is more than a fresh university grad salary!

I want to get started! Can you tell me about your journey this far?
"Nah. Better not. My journey is nothing impressive and I don't recommend investing in cryptocurrency."

Why don't you recommend investing in crypto when the whole world does and they're earning a hell lot from this crazy surging market? I understand about the risk. Tell me one investment that is risk-free!
"Invest in yourself :)"

Go big or go home! Low risk small return. High risk, high return. Tell me more please. Don't worry, I'll be able to sleep soundly at night. I will snore still! Can you tell me on the exchange you're using?
"Take a look at this here."

Wa. From the link you gave me, I saw another post by this fella. This guy smelly smelly play one month also got 143% return leh.
"This guy is out of his mind. Don't follow him."

Then follow you la. You tell me more.
"Nah. Told you to not invest in cryptocurrency already!"

Aiya.. you. Nevermind. I wait for this fella post. See whether got any lobang anot.
Anything happen, his fault!
 
.... -.-