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... so when I say there's an exception, what I simply mean is that, with the facts gathered from both present and past events, the probabilities assigned to Bitcoin acting differently from it's past performances. Considering those probabilities as certainty is the risk involved in Investment. Without the risks, there won't be any rewards.
Of course, we can invest into bitcoin in a way in which we are not putting all of our eggs in the one basket, but still come out of the situation very much better than we would have had been if we had not invested, and I am not even suggesting to invest into anything other than bitcoin and having your shit together in regards to your cashflows, expenses, emergency fund, reserves and float, and since bitcoin is such an asymmetric bet, many of us should be able to prosper quite well by just attempting to invest as aggressively as we can without recking ourselves.
Due to its uniqueness, Bitcoin has the potential for a significant asymmetric reward, which implies that the upside is far greater than the downside. Because of the enormous potential payoff, it is often profitable to take a chance on Bitcoin, despite the inherent risk. It's similar to playing the lottery; but with far better odds. And I couldn't agree more with you on how you pointed out that it's not just about investing in Bitcoin, it's also about having your financial life in order and making sure you're not over-extending yourself.
In my opinion Finding a way to keep up with their other financial obligations is one of the biggest challenges for anyone looking to invest in Bitcoin. It's easy to get caught up in the hype and excitement of Bitcoin and lose sight of the fact that you still need to pay your bills and have money for emergencies. To invest in Bitcoin, some people might even be tempted to take out loans or incur debt, which is not a wise move. It is crucial to keep in mind that you should never invest more money than you are willing to lose.