Thoughts on investing in cryptocurrencies?

Hi guys, just wanted to get your opinions on cryptocurrencies.

I can see that the crypto market is booming, and doesn't seem to be going anywhere anytime soon.

From my research Bitcoin has grown and with the new all time high it hit, I don't think anyone has lost money by investing, assuming their coins just sat there.

I also see NEO was trading at ~$2 in early June, and it peaked at $40 dollars, a 20x return!

It seems this market is fueled by nothing but speculation, but that doesn't seem to be a problem.

From my research, it seems stupid not to take advantage of this exploding market, even though there are some unknowns involved. I would only put spare change in, so I'm not worried about losing it.

Wouldn't this be a better investment as opposed to traditional stocks?


Edit: Downvotes and no replies? What a welcoming sub!

Submitted August 12, 2017 at 08:24PM by chenpha


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