Simple: Put in an amount consistent with “what you can afford to lose”.  Then “if” it goes down to $1k (which I think is very unlikely), or even if “the motherfucker” goes to zero (!), put on your strong face and endure the pain—safe in the knowledge that you didn’t just lose your shirt.

If that amount is not greater than or equal to 0.00000001 BTC, then why are you even involved in Bitcoin!?

For me, that amount is equal to “all the long-term monetary savings that I have”.  But that is because I am—well, I am me.  I have endured physical hardship for my principles.  Losing my life savings would be very painful; but as I have said repeatedly, if hypothetically Bitcoin were to totally fail, then I would be much more worried about losing what may be our last historical chance for freedom-money.


Paging Jay, I think that mindrust needs some n00b-level generalized investing tips about risk management and not being “muh mental health!” tier weak hands.

I am not even a financial investor, and I know that much.  [Edit:  Jay posted while I was writing this post.  Just hammered through.  Go read what he said. ++Jay]

mindrust, what if Tesla goes to zero?  Or the goddamn dollar goes to zero?  Where is your risk management there?


I know that Jay is going hard on you lately, but daaaamn, you need it.

Actually, not only generalized investment advice:  Generalized life wisdom.


An inexorable, inviolable law of the universe in which we live:

Only the dead are safe.