⭐ Merited by Crypto Library (1)
Even though this is just a difference in perspective, I appreciate your decision to have the courage to do this in conditions where bitcoin is actually still worth buying.
Protip: Bitcoin is always worth buying.**The fact of the matter is that bitcoin has been a great investment for as long as it has been in existence, and there is no real evidence that it's investment thesis is getting weaker with the passage of time, and instead, the evidence seems to show that the investment case for bitcoin seems to be getting stronger rather than weaker, even if the amount of price appreciation (in terms of percentage of price rise) may well not be as high as it had been in the past 10 years or so.
Of course, there are no guarantees in life, including in terms of where to invest, how to invest and how much to invest, and each of us need to make these kinds of choices based upon where we are currently at and our own financial and psychological circumstances, and we are not all going to come to the same conclusions even if we might be in similar circumstances as some other people, and so the risk/reward is going to vary, and part of the risk/reward may well have to do with personal decisions in regards to whether and how to act, including that failing/refusing to act is a kind of decision as well, and there are consequences for failing/refusing to act, too.
** This is not financial advice.. and may well even be an exaggeration in order to make a point to be more salient... You are totally and completely responsible for your own situation and decisions about what you do or not do regarding finances, psychology or otherwise.
Actually when it comes to life insurance and investing in bitcoin I think that's a lot to talk about and the answer is still the same. All forms that are passed in life, of course, there is no real guarantee as well as for investment, there must be a risk that must be taken. As for being in bitcoin, I think when people who invest here are smart enough to know the risks of this and indeed the greater the risk taken, when we have reached a point where we have successfully passed that risk, everything will be more valuable and of course the profit is bigger too.
Prior to March 2020, I used to recommend that anyone starting in bitcoin should consider investing anywhere between 1% and 10% of his/her investment portfolio (and perhaps cashflow) into bitcoin, but then some time after March 2020, I started to recommend that the percentage for the beginner newbie into bitcoin should consider somewhere between 1% and 25% into bitcoin, and of course, one aspect of bitcoin, is that it is an asymmetric bet (investment) to the upside and therefore, it may well not take very much allocation into bitcoin in order to potentially profit stupendously..
So, yeah, like you are seeming to say nara1892, there can be some advantage to finding some kind of an investment point in which you are feeling sufficiently aggressive in your investment into BTC because if you are too whimpy, then even if BTC goes up a lot, the whimpiness of the investment may well end up not making up for the fact that the there really was not enough there to actually make meaningful profits, and a similar thing could be true for those people who end up investing too much, and then when the BTC price moves against their position and then fails to go up for a long time, they end up getting reckt.. or maybe even having to sell a lot (or maybe even all) of their BTC.
So yeah there may well be a decently broad range of balance that still is going to be able to work in order to become richie as fuck (without guarantees of course), but at the same time if you are either too far on one side (such as too whimpy) or the other (such as too aggressive) then you end up either not really profiting with any significance, or you end up losing most or all of your investment (or having to start back up over again from a worse position than if you had been more prudent and conservative rather than gambling with your investment into bitcoin by engaging in overly risky conduct).