>>52847
>True. Is it high risk relative to non crypto investments? Or is that relative to altcoins too? I would buy it not as a way to make big gains, but as a shelter from the erosion of the USD.
Yes, it is very high risk. The whole crypto market is. It more or less moves in unity, i.e. the whole market goes either up or down. I don't think it protects you from a crash of the stock market, because crypto has historically always moved together with the stock market
If you want to shelter yourself from the erosion of the USD then you can do it to some degree with precious metals like gold, silver, platinum and so on or having other valuable goods
The way I would play BTC or the crypto market in general is just to wait for the next big crash or black swan event and to buy when it has crashed super low. Similar to how when Covid first started in around march 2020 and the stock market plus the crypto market plummeted, that would have been the best time to buy crypto and you would have made the most money if you had bought at that time. Or the crash of FTX would have been another good opportunity. I would just be very cautious to buy if the conensus or the sentiment of the general population is very good