I think it's risky to enter now. Invest only what you're comfortable with losing. Bitcoin went from nearly $20k in December 2017 to like $3,100 in December 2018. lmao.

I think gold is a safer (but less potentially rewarding) bet than crypto. But gold did go down a lot too some years back.

If you invested in bitcoin back in like March when it was dirt cheap, you would have made a killing now.

I am admittedly bearish on crypto even though I've been in crypto for nearly 5 years. I am not hating on the Lamboland Chads or anything for having had more faith in crypto than I did. If you got rich, good for you. I just didn't have the same risk appetite that they did.

The problem with crypto long-term is that the government and banks are cracking down on it more and more. I've had two bank accounts terminated for my crypto history. And have been warned by other banks. Crypto's vaue can't be maintained unless new money is constantly wired, e-transferred, EFT'd, etc. into crypto exchanges. And the banks are cracking down on transfers to crypto exchanges.

I believe in the idea of having censorship-resistant money that only you control, with no bank/government surveillance, that you don't need permission from a bank to spend, etc. I'm really big on the philosophy of it all. But it's just not practical money in the real world.

We could work around this if every merchant accepted crypto-currency as payment. And we could all just hodl and spend our crypto instead of selling it for CAD. But real life isn't working like that. Even if you have a crypto debit card who do you think that crypto debit card company is selling your crypto to? People who wire cash onto exchanges. And then they run into the same problem with the banks.