I've heard about Bitcoin and Ethereum, but with all the ups and downs over the last few years I'm not sure if now's the right time. A coworker of mine lost a lot of money, so I'm kind of scared.
I'm not a finance expert so take what I'm saying with a grain of salt. What I do know is that crypto is still really volatile and risky, especially if you don't have a solid understanding of how it actually works - it's not like investing in a fund or more stable stocks. If you really want to try it, only invest money you can afford to lose completely without it messing up your life, but honestly I'd be careful before throwing money at it when the market is this unpredictable.
After 15 years of managing family stuff I've learned that you shouldn't put money you can't afford to lose into crypto. The swings are brutal and predicting the market is basically impossible. If you're already scared before you even start, that's a sign it's not for you - better to go with more stable investments if you need to sleep at night peacefully.
Okay, I teach science! But from what I see around, cryptocurrencies are still pretty volatile and the fact that your colleague lost money should make you think really carefully before throwing your own money into it - it's like when you decide whether to go on a bike ride on a trail you don't know, better to start by getting informed first and maybe start with a small amount, if you really want to give it a try.
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