Quote from: errol94 on December 09, 2017, 06:44:30 AM

Women are less likely to take risks. This may be a good thing though. Read this journal "Gender Differences in Risk Assessment: Why do Women Take
Fewer Risks than Men?" http://journal.sjdm.org/jdm06016.pdf. If you don't want to, here's the abstract

"Across many real-world domains, men engage in more risky behaviors than do women. To examine some of the
beliefs and preferences that underlie this difference, 657 participants assessed their likelihood of engaging in various
risky activities relating to four different domains (gambling, health, recreation, and social), and reported their perceptions
of (1) probability of negative outcomes, (2) severity of potential negative outcomes, and (3) enjoyment expected from
the risky activities. Womens greater perceived likelihood of negative outcomes and lesser expectation of enjoyment
partially mediated their lower propensity toward risky choices in gambling, recreation, and health domains. Perceptions
of severity of potential outcomes was a partial mediator in the gambling and health domains. The genders did not differ
in their propensity towards taking social risks. A fifth domain of activities associated with high potential payoffs and
fixed minor costs was also assessed. In contrast to other domains, women reported being more likely to engage in
behaviors in this domain. This gender difference was partially mediated by womens more optimistic judgments of the
probability of good outcomes and of outcomes being more intensely positive."

I found this interesting. I'm one of those women who are more adventurous and I do tend to take more risks, although not so much on the subjects mentioned. I don't gamble on purpose, for example. But I guess I'm more risk-tolerant when it comes to finances, and for that reason was willing to take a risk on cryptos. I will say, though, that the way I went about it was that I found ways to earn cryptos and then I traded those for other cryptos, etc. I actually put very little of my own fiat money into it (except for one period when I tried out mining but I quit when the electric bills got too high compared to what I was earning).

With that said, since the beginning of the year I have been on the lookout for ways to move some of my crypto wealth into vehicles that are more stable and less risk prone. For example, I started a sa770 life insurance policy with cash proceeds from the crypto side. I wanted to take at least some of what I'd earned in crypto and turn it into something that has a track record of pretty much always being profitable. I also cashed out some cryptos at the beginning of the year and paid off consumer debt. After I did that, it was like this huge relief for my husband and me. And now if everything I own in crypto were to suddenly go down to zero, at least I have the debts paid off. So in that sense, I'm not as risk averse as it would at first seem.

My theory is that there are approaches and techniques that are peculiar to women that work really well in this space. Actually, crypto is one place where women should absolutely not try to act like men. I think we do far better being ourselves because we see things and make connections that don't come naturally to men. If anything, this industry in some ways is biased towards women. It's just that so far relatively few women have figured this out

But more are coming on board every day.