We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
Or with regard to crypto, do not trust even most non-anonymous people: whoever says they 100% know what will happen to crypto over the next 12 months is lying.
So, some good baseline advice might be:
1. If you have to ask, don't do it.
2. Don't ever invest anything (especially in crypto) that you're not ok theoretically losing 100% of (for more reasons than purely the price fluctuations in crypto).
3. If you're looking at crypto as an alternative to Fixed Deposits, don't do it.
4. Understand that with crypto, you are basically gambling: it is not a safe investment by a long stretch, even though it might be getting lots of publicity right now. So unless you understand the crypto markets and technology and unless you're ok to gamble, don't do it.
5. If you still want to go ahead and do it, good luck :)