
Originally Posted by
Mr.BB
You are asking a very broad question that its not easy to answer, it seems you are asking about crypto in terms of investment, not in terms of using the crypto coins to buy stuff, right?
As an investment it is true that some early investors got crazy profits, but also they invested their money into something that was useless at the time, and in many aspects even now it still has a lot of development to do before going mainstream.
For example, if you would spend 1000$ in 2012 when each was worth 1$ or less, you would have 1000 bitcoins. At todays price it would be worth 8.8 millions, but back in december it was almost worth 20 millions USD.
The problem with all this is that would mean going all this years without cashing out, and if you bought at 1$ it would be very hard not sell it in 2014 when it reached 1000$, at least thats my opinion.
Now on the opposite side if you bought in the 2014 peak of 1000$, you would have to wait 3 years just to break even, as it went down to 300.
Do I mean with all this... it is very volatile and nowadays it is more speculation than ever, as bitcoin technology is completely outdated (network cannot handle the number of transactions).
Adding up you have the altcoins which are called alt from 'alternative', basically every crypto currency that is not bitcoin is an altcoin, and the famous ICOs (initial coin offers). It is very hard to keep up with the market, and some movements are either insiders or complete random.
So, if you want to invest there is a lot of things you need to learn, from the technology, to the exchanges, to the crypto wallets. Also you need to have some degree of computer knowledge or you might open yourself to crypto theft, and no police will be able to return your funds, it will be lost forever.
Dont know if I helped much, but like I said you made a very open question. Try reading something about it, and hit us with more specific questions.