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Showing posts from April, 2022

"Is it too late to get into cryptocurrency?"

Dear Vice Column, For various reasons I've sat on the sidelines of the cryptocurrency craze and have largely ignored it as a fad. While it doesn't seem to be going away anytime soon, are the days of getting rich off crypto over? I'm finally at a place financially where I'm looking into ways to diversify my investments — but I don't exactly have much to spare and the volatility of crypto markets makes me nervous. How should someone who wants to dabble in crypto get started, if at all?  - Crypto noob Dear Crypto noob,  Bitcoin, at 14 years old, is one of the most well known cryptocurrencies. It's recently gone through exponential growth and hovers around $40,000 per BTC. Roughly two years ago, it was valued at Ethereum's cost today, ~$3000 USD. A couple of months ago, ETH was trading about 20% lower, which means it's doubled what stock index funds might return in a year. But, it could just as easily be 20% lower — or more. All this is to say, crypto is vol...