Cryptocurrencies

September 15, 2017bitcoin, cryptocurrency, litecoin

This topic has 3 replies, 4 voices, and was last updated 7 years, 7 months ago by Cara Reynolds – SUM180 Community Manager.

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September 28, 2017 at 7:48 am #3752

Lisa Talley

Hi Josh. I’ve seen chatter about Bitcoin but I never heard of Litecoin. I don’t know much about this topic but I’m curious about your purchase “growing.” How does that work? Is it something you “invest” in way you might invest in gold or real estate?

October 14, 2017 at 5:20 pm #3904

Antoinette Minor – Ambassador

A friend of mine knew someone that got onto bitcoin when they were very cheap and now his bitcoins are worth thousands. I’m a little scared to try it myself but please keep us updated because I really am interested in how this world of currency plays out.

November 27, 2017 at 1:13 pm #5241

Cara Reynolds – SUM180 Community Manager

Hi Josh! Carla Dearing has written a couple of posts on investing. I think she makes a few points that are relevant to your thread:

Investing 101: 6 simple steps to kickstart your investment portfolio

Investing 101: 6 simple steps to kickstart your investment portfolio

Millennials: Experiencing Bitcoin FOMO? Don’t buy cryptocurrencies to try to get rich quick. Here’s what to do instead

Millennials: Experiencing Bitcoin FOMO? Don’t buy cryptocurrencies to try to get rich quick. Here’s what to do instead

The main takeaway, I think, is that high-risk investments like cryptocurrencies are intriguing, but they are only appropriate after 90% of one’s investment portfolio is in pretty solid shape.

I hope this helps!

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