Very small fraction amount of bitcoin and altcoin are invested, that are equal to few thousand ringgit.
Yap, only few thousands, so it is only very small fraction of cryptocurrencies. At this point of time, bitcoin is trading at 10kusd and Ethereum is about 900usd.
The problem is tracking those cryptocurrencies, because different exchanges and wallets are only capable on storing few kinds. The common one are bitcoin and Ethereum, supported by most. So to buy or hold different cryptocurrencies, including tokens, got to have multiple accounts or mobile apps, sometime confusing.
Have I earned profit on it? On the book, yes, just few hundreds. As long as I have not cash out, it may total loss, or earn more.
A lot people think cryptocurrencies are scam. Yes and no. For sure the associated blockchain technologies are not scam, it is fintech that will incorporate with AI to cater the new economics. But the cryptocurrencies are still young, everyone is trying their ideas on it, and yes, few years from now numbers of cryptocurrencies and tokens will be disappeared, when the markets are becoming mutual.
Some of them are surviving after transformed, and regulated. Cryptocurrencies way is a must, no more paper money, will be just figure transferring between accounts. But how to make it works and governed, this is the tricky part.
Let's see in next 5 years, will tell.
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