Quote from: mindrust on March 19, 2020, 06:01:16 PM

Quote from: LFC_Bitcoin on March 19, 2020, 05:56:48 PM

So you sold 10BTC at roughly $4400, you have at least $40,000. Buy 5BTC back & throw the rest into stocks & in a couple of years all will be good for you.

What if it goes down to $1k like Peter Brandt says. Grin

I can't take that.

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 painsafe in the knowledge that you didnt 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 amwell, 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.

Quote from: mindrust on March 19, 2020, 06:01:16 PM

I decided that carrying that much wealth in btc is not good my mental health. It is far too volatile.

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?

Quote from: mindrust on March 19, 2020, 06:01:16 PM

I have no idea where to park my money though.

USD is doing a super nova. EUR is going down as it should. Gold is not practical. BTC has a Tether issue. (and far too volatile)

No idea.

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

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

Quote from: nullius on March 15, 2020, 05:53:59 PM

Life is risk, and death is a part of life.

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

Only the dead are safe.