Be Aware! This sub contains some of the worst investment advice I've ever heard, and it's full of folks who think they're Warren Buffet because they won the lottery and won a billion bucks.

To begin, let me state that if you bought $100 or $1,000 in bitcoin when it was initially published, you are most certainly extremely wealthy today. But don't let that away from the fact that it raises you to the rank of someone who transferred $1,000 to an anonymous internet person in return for some miraculous beans.

You'd be foolish not to invest in cryptocurrencies these days, but keep in mind that it's virtually entirely based on speculation, and much of your success is reliant on pure luck. Everyone is a brilliant investor in a bull market. Persons who post here claiming to be seasoned investing experts are almost always people who have struck it rich a few times. Play around with your Baron Rothschild memes, claiming that anybody who invests in cryptocurrencies would become a rich. This isn't the first time that a generation of young people has made a fortune by riding a wild speculation train. At the height of the dotcom bubble, people had the same mindset. "What do you mean, 25% returns in a year?"

Those are figures from the scrubs. Anything less than 100% will not be tolerated!" We all know how that ride ended, and we all know how this one will finish. Whether it ends in a catastrophic bust or becomes a mainstream financial tool dominated by Wall Street, this ride will come to an end. While the high rewards are still available, take advantage of them.

Finally, if you have the financial means, you can diversify your risk. Yes, having a wholly uncorrelated asset is the purpose of diversification. Diversifying in a completely other asset class is required because all cryptocurrencies are highly connected with one another. Investing in a different coin is not considered diversification; it's like saying you're diversifying by buying McDonald's and KFC.

Thank you for your time, as usual. And Mery Christmas!