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Yes, it’s fine. Sure might go down short term but might not. Long term, long climb to go.
OP... I would start with 5 - 10k.... money that you are fine with loosing. There are some sure shot coins that will grow with time... like ETH, LINK, etc... then there are the up and coming coins (projects) that have huge upside you can get in early on them. Please do your research and put your money into the coins you believe will grow in both near term and long term. This is from someone who has been in crypto since 2013.... not a millionaire, never had the capital to make that much money but I'm doing OK, no complains here. It is never too late... also, this market is very much cyclical. Lot of folks bought in at ATH in 2017/2018 and have had to wait 3 years to recuperate their investments. So... think it through and happy investing! 😁
I entered in 2017 and this is the truth! I was glad I only put ~13k in when I thought I had lost a lot of that. Thank God I hodled!
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All in on doge
It’s so much more exciting than stocks. I’d put like 20k into crypto and see what happens. ETH, LINK, BTC… It’s all doing well. Put the rest in a stock fund and play it safe.
Chief
I can see a $10k ETH & $250k Bitcoin by the end of the year. If that's correct, you wouldn't make as much as if you had your money in crypto a year ago, but way more than in the stock market.
If you would have thrown that into ETH a month ago, you would have $200K right now. You just never know with crypto though, risky business. Maybe just start small. Enough that you could live with losing, because that’s how you should go into it.