Where does everyone stand on crypto? Is it still a solid financial investment?

like
Posting as :
works at
You are currently posting as works at

It never has been a solid financial investment.

like

I have a coinbase account and have $20 deposited biweekly i like it because i can trade whatever whenever i want and i feel very empowered. Do i think im gonna retire off of it?? Heck no, but at least i can try…

I’ve made more money off crypto than I have with traditonal investments. Some people will call it a scam. Some people will learn how to make life changing money. All depends

It depends on how you define "financial investment". Personally, I wouldn't call crypto an investment.
Can you make a lot of money? Possibly, people have and I'm sure people still will.
Would I buy a bunch of it and hold it with the hopes of price appreciation? Probably not. The volatility makes the value too unpredictable and because there are no future cash flows to discount, it's impossible to know if you're overpaying for any specific coin. You're basically gambling with the hopes that the coin you've bought skyrockets and you can sell. If you decide to buy crypto, don't use money that you can't afford to lose and I would spend very little (maybe 5% of discretionary income).

TLDR: In theory, you could make money, but I wouldn't count on it.

It’s a cult.

Related Posts

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

like

Hey, visiting Austin from the north and think I wanna move here. Looking for a house . Single family 3 bd + and 2ba + . Wondering what good affordable neighborhoods to look in! Ideas and housing advice are more than welcome !!

like

Any guesses/predictions on when this housing market gridlock ending? Reasonable prices and reasonable mortgage rates? Umm like a 2017 or a 2018?

What are the best investment books or authors for beginners? What are the best podcasts, YouTube channels or bloggers to follow? What are your favorite stock trading platforms? And if you finally have six figures cash ready to invest, what's the best place to start? Which broker / financial advisor would you recommend? This is only for 3-5 years to ultimately buy a decent home for my family.

I'm clearly a dummy so any help is greatly appreciated.

like
like

What’s your target retirement number and at what age do you plan to retire?
Of course I know it depends on a wide range of factors, but I’m curious to get a sample from this group.
Mine is $5M at 55.

like

Kpi reply krta b h is group me
Techm need NPS account from kotak only
How to open a new one.

I have a total taxable income of 1978050 for. Which I need to pay 330915 as a tax as per new regime.
I don't have any investment and also as working from home living in my home town so no rented house.
Please help me to save some tax
TIA

like

1) I know that most of you will say that buying an expensive engagement ring is a waste and bad, etc. so let’s start with the assumption that I don’t care and it’s happening
2) does it make sense to finance an engagement ring purchase or buy in cash? If financing, how much would you have to put down for a ~$30k ring? (If you’re upset by this number just replace ring with car or education or wedding or whatever you feel good about lol)

likefunnysmart

Anyone finding it harder getting managed money biz? If so, what changes or adjustments have you made in prospecting or sales approach? Thanks.

like

How are the areas around white rock lake to buy an investment property? Any suggestions appreciated!

like

Starting at Deloitte in a few weeks as a Specialist Leader. The 401k match is only .5%? Why so low? Does it ever increase?

like

Is there anyone from Canada here? I’m looking for some information on working out of the country, but selling insurance.
Thanks

like

Buying a house for ~900K in one of the Boston suburbs - my household income is ~230K. Am I stretching too far?

like

Amex platinum vs CSR??

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Hi Fishes, I have one question for you.

What are avg 2 sharing PG rents in Bengaluru?

like

Firm wants me to back pay last year FICA tax(Social Security and Medicare tax).
Last year I started working as F-1 and transition to H1b. Firm never withheld FICA tax.

Now they ask me to back pay last year FICA tax and then will send me W2c form.

The catch is I already file my tax without those FICA tax. Should I pay them and file tax amendment?

like

More Posts

like

Can anyone confirm what's the "Notice Period" in Cognizant? I heard that, the one who joined after Jan 2021, It's 90 days ?

like
like

Is the notice period for AVPs 3 months in hsbc?

like

Google L6 S&O in Boston/Seattle/DC. 9 YOE + MBA.
Base: 218k
Bonus: 20%
Equity: 270k over 4 years
Sign-on: 25k

Good offer?

likehelpful

Corporate attorneys in NY, how many hours do you work? Please also list your year. Thanks!

like

What are first steps to building a real estate portfolio? I want to have at least 50% of my income be passive by the time I’m 30. I’m 24yo now, have saved up some, don’t have student loans or any debt. I have two brothers who is helping with college though and really need to be creative. Totally willing to adjust my lifestyle to reach this goal but just am not sure where to even start.

like

So I say this with complete humility and an understanding that this is a fortunate-ish situation to be in. I’m in a position where I am tied to nothing, I have no children, spouse, or house. My job, which I’ve loved until some recent significant leadership changes, is sucking the life out of me and I think it may be time for a change. Because I am able to “pick up and go” I’m open to opportunities and locations. I’ve never worked with a recruiter but was hoping I could get some recommendations!

like

Definitely not a fan of Westin's "Eat Well" proposition. I'm working in the room at 2:00 AM and the most appetizing menu item is a cold turkey avocado and arugula wrap. I just want a burger and fries!

like

How much is salary range for Principal software Engineer at Dell ?
Is dell provides RSU (stocks) ? If yes, how much ?

salary range will be helpful in salary negotiation with HR

like

I am new to United Silver and I purchase economy tickets. Is the best strategy to check in exactly 24 hours ahead and switch my seat to an open economy plus seat?

like

Hello guys, I need some likes for enabling DMs. If you pass through this message please drop a like. Thank you!

like

how much package i can expect with total 6 year of experience includes web API development and 2 year of AWS experience on EC2, Fargate etc (certified with AWS developer) and 3 years of Onsite experience

like

The following joke is somewhat lewd. Read in the comments.

Partner keeps telling me (2nd year) that I need to get better at using staff like paralegals to reduce client costs.....but doesn't realize that the only paralegal allocated to my group has been with the firm for 30 years and bills 1.5x higher than me.

funnylike

What's the notice period in OSSI?? I can not find it on offer

like

I am getting an offer of 12lpa fixed from EY GDS. YoE 5 years. Cybersecurity domain. My fixed was at 8.7 lpa. How is the offer? Rank is 44.

like

How many days will it take for Wells Fargo to release the offer letter ?
I attended my interview and got shortlisted as well, I just got an email stating congratulations and send us list of documents !! After which When I try contacting the HR, he's not responding !! What do I do in such case !!
Kindly Advise...

like

Looking to get my first piece of designer jewelry, very entry level and thinking around $2000 for budget, any recs?

I’ve been eyeing the Bvlgari Divas, Dior Rose Des Vents, Cartier Amulette. TYIA!

like

Additional Posts in Personal Finance Bowl

In your opinion which is the best target fund to choose in IRA Roth?

accountant said he needs my IRS pin to e-file. Can anyone confirm this is legit?

like

Thoughts on personal loans to consolidate Debt?

likesmart

Invest in roth 401k or traditional 401k and save the difference for a house downpayment?

like

Any good wedding ring sources aside from Blue Nile?

What's the best 529plan? Heard Vanguard Nevada plan is popular due to low fee, or NY state one gives tax benefits upto $10k (but not sure if it matters for NJ residents working in NYC). What's the criteria for deciding 529?

like

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

like

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

like

Why do 403b have such I fees? I almost want to stop contributing all together or just minimum 6% to meet the match. Possibly just rely on the pension but what if it’s underfunded when I retire?

Need advice. Have some credit card debt that I’ve been working to pay off. Have made progress but want to lower it quickly. We have dual income, with a house (~$300k in equity), 1 kid and 1 on the way. I’ve looked into debt consolidation via HELOC but also have ~$80k in vested equity in my company that I haven’t touched. Get equity refreshes every year. Would it be smarter to cash out $15k-$20k of that to pay debt vs. a HELOC at ~5% given that will still require mthly payments

like

What’s up with people talking about withdrawing from retirement due to CARES Act and investing elsewhere?

like

Newly minted consultant here looking for financial advice.

So I just moved to consulting after B school, and It's more money than I've made my entire life. After paying for rent and living expenses, I have 6000$ left over every month. My student loan payments are about 1200/month at 7% interest. I still owe another 95K on my loan. I have the option to pay more every month and reduce my overall interest paid.
Currently I put about 3000 towards my loan and 3000 towards my savings. Cont'd...

like

26 YO, make make roughly 130k TC and really wanting to get the new 2022 Accord Hybrid Touring trim. Great MPG and reliability. MSRP is just under 40k for the top trim. Good financial move or should I go with a lower trim such as the EXL or Sport which come in around the mid 20k-low 30k area.

like

I stopped contributing to my 401K for the last three months in order to pay off credit card debt. I am 28 and have about 68K in my 401K. Was this a smart decision? I want to get out of debt as quickly as possible and I have no student loans or car debt.

like

Live in a HCOL area. Looking to buy in the next year. The least I can afford to buy would put a mortgage at 40% of my monthly take home pay (post tax + max out 401k) but 25% of gross income. Will 40% of take home pay make me house poor?

like

Paid off my account debt!

like

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

Best high yield savings products?

like

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

like

For those of you that currently pay 30% of gross income towards rent, do you still have money to save? I’m moving to NYC and am used to paying only 15%. Pay is now 125k base so I’m looking for apartments around 2800-3k

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal