With the current Bitcoin frenzy and its value going through the roof many millionaires
were created, who jumped on board early enough. So obviously cryptos can be very
lucrative, albeit very volatile with a complete loss possible. I guess the original
purpose was to keep banks out of the equation and dealing peer-to-peer. This in return
means, nobody but oneself is responsible for handling funds. In case of careless trans-
actions no support can be called up for help and the hard earned can be lost.
I dabbled for a while to join in and now decided to make a small investment in
cryptos, which can be purchased at exchanges. I went over to Trustpilot and most of
them received desastrous reviews, what made me thinking some were written by trolls
trying to keep folks away from cryptocurrencies. Anyway, i ended up with the market
leader Binance and after an extensive ID-check aquired some Bitcoin satoshis (BTC),
Monero (XMR), Cardano (ADA) and Doge (DOGE). I will put them later on in my
Ledger Nano cold wallet and let them sit there, what is called to "hodl".
Generally speaking i am a silver guy for many years now and having some physical
silver between the fingers is something different than dealing with digital assets. My
silver stock meanwhile gained more than 50 % in profits with plenty of scope for more,
so my focus will remain there with cryptos being a sideshow.
