Are you investing in crypto? What about long term?

[Dan]

Have you invested any of your income into crypto? Do you have a long term strategy? I have been slowly been buying half my salary in bitcoin every paycheck for a few months now. I have purchased a lot during the high period but also a lot while its been low, which has been great for dollar cost averaging and lowering my investment level.

I think the real value in bitcoin, and any fixed supply crypto is that its hedged against inflation. $100 for our parents went a lot further than $100 does today because of how much extra money has been printed over the years between. The beauty of bitcoin is that the amount being printed is not only limited but completely capped, therefore the investment made now is inherently worth far more in the future simply on that merit alone.

As long as the technology continues to flourish and we don't see quantum computing in the next decade, we should find this to be one of the best investment opportunities of our lifetime long term.

What are your thoughts?

[Kargai]

I'm currently only investing on long term cryptos and i put all i can in it. I just keep my day job salary for the day to day basis but all my side money + faucets + selling useless things in my appartment ... go in cryptos.

I believe the prices we saw in the last few weeks and the actual ones are maybe the lowest we will see for a very long time. So i'm all in and I try to diversify everything : number of coins (40+), exchanges (5 or 6), core wallets (5 or 6), ...

Like you said @Dan i'm convinced that it's our lifetime chance to grow a real wealth (not just being richer) and maybe lot of us don't fully realize how early we are in the process, that how much just investing in cryptos who will still be there in years (without selling them for a 5x or 10x short term profit) could be massive. 

[wry]

The thing that attracted me to crypto was Bitcoin's deflationary model backed by math.  Only 21 million coins ever, pretty big deal.  While Bitcoin is a lot more than that, e.g. a decentralized payment network, the idea of it as a currency is what hooked me.  I continue to believe in it and am very curious how it will do long term versus national currencies like the USD.  Despite being down from it's all time high, it has still done great compared to just a year ago, not to mention a few years ago.  Meanwhile the guardians of the USD, the Federal Reserve, WANT it to go down 2% a year.

Go Bitcoin!