@JJG - If I’m honest I’m way more invested in bitcoin than any sane person would be. I have a house with a mortgage on, an apartment that I rent out (it also has a mortgage on).
I have £40,000 in a shit UK fiat bank ISA savings account with 0.1% annual interest (a compensation pay out for a bad car accident I had 10 years ago - caused by a drunk driver).
Apart from that I’m all in on bitcoin. Most sensible people would buy 3 or 4 more apartments & rent them out & probably be set for life but I believe in bitcoin so much. I’m a risk taker & I will become a millionaire through crypto, I’m very certain of it.
Any way that’s my fucking shitty story
Probably all of us have some shitty aspects to our personal stories, and it is really difficult to measure our own particular selves with the mean. There is some aspect of everyone who is crazy when we investigate into their particulars, but then when it comes to learning about a certain topic, bitcoin, in this case. There seems to be such a lopsided gamble taking place in terms of what the actual odds seem to be.
I still suggest that everyone preserve themselves in case the lopsided bargain does not play out... so in that regard, if we are going to leverage in bitcoin, we have to be very careful that the terms of that leverage are not so drastic that we would be killed in the less likely bitcoin to zero scenario.
Maybe it takes a couple of bubbles (and cushions of equity) to really relax. You keep suggesting that the next bitcoin bubble has a decent chance of sufficiently putting you over to the top in that relax mode. I personally feel like I am more relaxed than you, but I still want the next bubble and really am looking forward to it.
For me, it would be like going from regular rich to bordering on filthy rich.. at least in my own kind of mental framing of the situation of how much beyond my bare minimums or my expected lifestyle I would be able to live.
Remember the link that V8 posted the other day about the billionaire diamond trader? We just gotta keep matters in perspective, and even what we might end up considering as a low risk investment into something like penis enlargement ends up killing us, and likely it would have been better to forgo such treatment, even though we never would have thought the end result was so unacceptable and personally costly.
Poll
