I have Ethereum. I bought £500 worth in 2017. It reached just over £4,500 in November 2021 so I cashed in £4k leaving £500. That £500 is currently worth £340.
Any reasonNope. Never will.
Makes sense. Most people pay via contact less. The fees for small businesses can be crippling. A majority of crypto can be transferred with a tiny fee. And if the owner is happy to keep some crypto long term then he will be quids in. Plus digital assets can attract less taxNo, though I would if I could have worked out how to when I was a bit more flush.
Out of interest, a micropub I frequent has a sign proclaiming 20% off everything if you pay with crypto (and a footnote saying that it isn't a joke).
Unless you are Elon Musk, buy into a cryptocurrency send the price up then sell. Declaring cryptocurrency is toxicNo.
Two financial rules I follow:
1. Never invest in something you do not understand
2. Don’t look for financial advice on a home brewing blog!
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