Hahaha.... I am far from an expert on that. I messed with it a little bit over the past few days... mostly spending a very small amount of money on extremely low valued crypto so I could check them out in the future. :P
When I say extremely low amount. I spent less than $10.
Some of my friends think they will become millionaires on it. Makes me wary. :/
I actually sold all the crap I was messing with. Unless you're going to spend a lot of time, unless you get incredibly lucky you're going to make only a little over what you put in. So how much is your time worth required to track that?
So me putting in less than $10... odds are I might make a few cents over time and even if I doubled it... how much of my time do I take monitoring it? How many hours? So if i doubled $10 and now have $20 and I spent 5 hours monitoring it then that means my time was worth $2/hour.
Not worth it. That is also being very profitable. It is not likely to double.
Buying and selling crypto unless you get in on something right at the beginning before launch is something people with a lot of money already might benefit from, but not someone like me who has very little money.
My thoughts exactly. Never been gambling type :/