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How to talk about cryptocurrency at the holiday dinner table

How to talk about cryptocurrency at the holiday dinner table
From TechCrunch - November 20, 2017

Youre sitting down to a nice meal and your aunt, always one step ahead, mentions she wants to start investing in Bitcoin. You freeze, a drip of gravy plopping off the ladle. Its your time to shine.

You got this.

First, you know that the state of crypto is very, very good. This has been a banner year for cryptocurrencies. Bitcoin rose from $738 a year ago to $8220 as of this year. If you invested $7000 in Bitcoin in November 2016 youd be rounding into six figures by now. The same can be said about Ethereum with a bump from $9 in 2016 to $350 in 2017. Check out these graphs:

Its enough to make your aunt want to sell her summer home and dump it all into the blockchain! But should she?

Probably not.

Interestingly, as the price has risen and the fluctuations have become more manageable, talk of crypto investing has died down. There are many reasons, but the primary one is that the crypto world loves to keep quiet and take profits on the sly. This means if youre planning on getting in youd best act decisively. You can dabble, sure, but if you want to see real returns I do not expect things to fall back down to $3,000 or even $5,000. Were almost at a set-point for the next few months and, barring flash crashes, dont expect much to change barring some wild SEC regulation.

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