Crypto — money that you are happy to lose

Rarely has the world been more divided than over the Game of Thrones finale and investment in cryptocurrencies. Some swear by it and then some swear at people who swear by it. Given that Elon Musk’s sneeze can decide the rate of Bitcoin tomorrow, why invest in an asset class that is prone to extraordinarily high levels of volatility? ‘Crypto is easy’ “I can start investing sitting in the washroom in the next 10 minutes,” says DR who invested about $200 a little over a year ago. “All I have to do is go online, watch a few YouTube videos and decide what to buy,” he explains adding that crypto works well with tech-savvy people who don’t like forms or going to places to open an account. “Crypto is very easy to invest. Just install a small app and you are ready to go,” says ANC that invested about $2,500 over a year. “I have not invested more than 10 coins at any point. At the moment I am carrying four to five. Invest the money you are happy to lose,” he says, adding that he believes crypto appeals primarily to millennials.