Well, so far, this year, crypto has been a pretty losing investment. However, the hope is that over time, your friend's predictions will come true (to
the OP). But, there are a LOT of growing pains still to go.
A lot of us are betting that crypto still has a golden age to come. Of course, which coins will survive to enjoy it, are anyone's guess. Right now,
Bitcoin, Ethereum, and Litecoin are some of the most popular, but there are many others out there, and some that could just explode in a good way, for
all we know.
Or, we could lose it all.
So, my advice is that if you get into it, start small (and diversify with the main coins, and a few alt coins that are cheap), and only with what you
can afford to lose. (and though you'll be tempted to check....ignore the daily ups and downs. Hold on to it, for that hopeful time when it skyrockets
in value, then sell....SOME of it...).
You'll see a lot of weird terms too...
HODL - (Hold, or Hold on for dear life) - means to just sit and hold on to your current investment.
FOMO - Fear of Missing Out, when you buy in because you feel if you don't, you'll miss the opportunity.
FUD - Fear, uncertainty, doubt. Or, the daily condition of crypto.
edit on 26-3-2018 by Gazrok because: (no reason given)