If You Like Imaginary Money, Crypto Just Hit an All-Time High in Idaho

For those following crypto, or for those who have yet to jump on the intangible money train yet, today was a huge day for cryptocurrency.

Bitcoin Reached Its Highest Value in History Today

I don’t fully understand cryptocurrency, but that hasn’t stopped me from spending real money to buy it. A few years ago, when Bitcoin was around $23,000 I bought a little bit and I have watched it slowly climb in value. There have been bumps in the value and significant drops along the way, but today was the most exciting day so far.

My investment has almost tripled since I started on my crypto adventure. Sadly, I didn’t go all-in and won’t be retiring on the few extra thousand dollars I’ve made. In the last 24 hours, the value of Bitcoin has jumped from around $80k to almost $90k. Predictions are hopeful that it will pass into the $90,000 range - but I’m watching it right now bouncing in the upper $88 thousand range.

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Now, I’m not qualified to give financial advice to anyone, you can ask my wife and kids, but while the value hike is exciting for those who already have cryptocurrency it may not be the best time to buy. Crypto is volatile. It can be near $90k today and drop back down to $60 or $70k tomorrow.

If you are planning on investing, you need to do your research or be OK with losing all of your money for a chance at making money.

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If investing money isn’t an option (and there are a lot of crypto options) you can still make extra money. We are heading into the holiday season where spending increases and income doesn’t. There are ways to make extra cash if you look for it.