Hey my name is Mya Parker. I am a 15 year old who made roughly $10,000 selling NFTs as an NFT artist when I started back in January of 2022.
So keep in mind while reading this I didnt heavily invest dollars into these crypto assets but I invested time into innovating on the space and betting on myself. It payed off. But here is the reason I continue to keep a good percentage of my networth in crypto and then some in NFTs.
Investing in Crypto vs. Stocks
Everytime stocks have crashed so has crypto regardless of what people think of
$BTC.X being a store of value. It has done this but it also has increased when stocks have increased. But usually multiples more. That is a pro.
A con is that crypto has no intrinsic value which means no real bottom no matter what. Stocks have this so are less risky. Also when you invest into stocks you actually own a piece of a company and a company that makes earnings. Crypto that I invest in heavily
$ETH.X does not have this. Also with a stock you are investing in all the people in that company. So when you buy Tesla
$TSLA you get all the smartest people essentially working for you. Its an investment in the most innovative technologies, smartest most talented people, and its a future investment in all of that. Which is great.
What is interesting with crypto such as $ETH.X though is that you get an investment in that innovative technology, what is built upon it, all the people innovating in that space, the future of it all, and more.
What History tells us
This is very interesting. Also in the past,
historically, everytime crypto has went down which it has a lot never has an asset at that scale return back multiples higher every single time. This gives me confidence of keeping some of my money in crypto and a little in NFTs. It is because I am young so it makes more sense for me to take risks.
I dont have to pay bills. So to me invest in crypto on the dip and its goes to 0 or its returns me multiples on my money. Invest in stocks on the dip and make multiples on my money but it would take tremendously longer. This is the reason I have invested money in both stocks like
$TSLA $COIN and a little in
$BTC.X and
$ETH.X.
The best play if you are bullish on stocks & crypto recovering imo
Also an interesting this is
I think $COIN is potentially oversold from coinbase nft failed. Because if crypto goes back up the profits are crazy as we have seen in the past and the payback time seems great at this price if crypto goes back up.Anyways I am biased and invested in some well actually all assets mentioned here. Always remember be fearful when others are greedy and greedy when others are fearful!
