---
title: "I don't recommend investing in crypto unless: a) You're willing to…"
date: 2022-05-12
source: facebook
type: Archer T. Ships updated his status.
---

# I don't recommend investing in crypto unless: a) You're willing to…

*May 12, 2022 · Facebook*

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I don\'t recommend investing in crypto unless:\
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a) You\'re willing to put the legwork required to understand the long term value proposition of the crypto you\'re considering for purchase. You should be able to articulate a plausible answer to the questions a) what use does the crypto have that can be best realized with a cryptocurrency, and not say, a traditional website / company? b) what \_you\_ think the price should be and why, independent of whether others agree with you or not.\
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b) You\'re willing to buy and hold long term even through large fluctuations in the market price.\
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c) You accept that crypto is new technology undergoing massive growth and innovation (and therefore creative destruction).\
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d) You\'ve vetted the development team and the community surrounding the crypto, and trust that they\'re capable and honest.\
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e) You can afford to lose the money you invest.\
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With those caveats, the time to buy is when most of the rest of the market is panicking. And, right now, much of the crypto market is panicking.
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