Related: 4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate
So I have invested in a few not-so-hot cryptocurrencies based on the advice that I have received from a lot of my colleagues. The tech behind these particular blockchains is awesome, and the team behind these particular blockchains is even better. Their vision for the future just makes a lot of sense to me. So I thought I would put some money in to test it out, get my feet wet, and learn the process.
Proceed With Caution
My advice to you is don’t go all in. Don’t sell your house to invest in bitcoin, ethereum, ripple, and all these other cryptocurrencies. If you are going to invest, invest small and learn what the hell it is that they are doing. I truly believe we are at the beginning of something great. But I also believe that there is going to be a huge crash somehow. Maybe there will be only a few survivors like in the dot-com boom. Will that be bitcoin, ethereum, ripple, or stellar lumens? I don’t know. I do believe someone will survive and they will thrive.
This article was republished with permission from Bigger Pockets.