Post
Topic
Board Bitcoin Discussion
Re: "Only invest an amount you can afford to lose"
by
JustAnOtherLoser
on 22/12/2021, 05:01:29 UTC
Thoughts? Opinions?

It depends. I think the most disturbing numbers are the once, we'll never (fully) see: Like Eurodollar Network stuff. By now I've seen and read anything between "hyperinflation is now", "stagflation is now", "deflation is now". The one thing I guess we can all agree on is that the current global financial system is a. fucked up and b. highly complex.

... That given: Who knows what BTC will do. In theory BTC is more or less the only fix for that mess we got into with fiat, but if only a few million (even that seems pretty cool tho) use it - we'll fail eventually. Its basically a financial war and it looks extremely well for us crazy internet money guys. I myself invested never more than I could afford to lose for 2 Halvings, but since Covid hit the market my FOMO kicked in. I guess "Only invest an amount you can afford to lose" is a good Phrase for risk averse people or starters.

Lets not forget that most people think not having a support hotline is a bad idea. I myself have to grow on that thought still after all these years Cheesy Before 2017 BTC seemed like a small hobby project going off the rails, now 4 years later the first mayor Banks and some small Countys are using it.

We're getting somewhere. Even pretty fast, if you ask me... but BTC will be a "risky Investment" for the most of the people for a looooong time. At least I know now: "There is no top, Neo."

PS.: Don't trade your hard earned BTC for Fiat, that's ridiculous  Cool