So maybe I should have bought some Bitcoin a few years back when it was $1000 In all seriousness, let's say I have some play money that I can lose. What's the right way to speculate in crypto-currency?Do you hold a diversified basket of cryto-currency, bitcoin and some other competing currency?Do you have a fixed "investment plan", e.g. hold until I get 2X returns, liquidate capital and hold until it grows to 50X and cash out?
How do you hedge against "institutional risks" that the trading platform takes your bitcoins and runs away with your money, since this is effectively unregulated?Lastly, any useful/serious material for speculating in Bitcoin and the likes?
I did not find the right solution from the internet.
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