Some guy on a car forum is telling me some shit about how I should only buy a used car that is certified inspected or I should pay for a ppi (pre purchase inspection) from a dealer to .. LOL .. “mitigate risk” he says..
Bless his heart.. I know he means well..
I just want to be like “Bro, I’m a risk junkie.. I HODL Bitcoin”..
“I lost more money than I’m about to pay for this car already 100 days this year”
I just mentioned this in a post here not to long ago..
Does Bitcoin desensitize us to risk?
Why are normies so risk adverse??
Like seriously.. Normies are incredibly risk adverse in everything in their lives..
Why?
I don’t get it..
I agree and understand how you may well consider bitcoin to be and to have been a risky investment; however, at the same time, I believe that there are ways to invest into bitcoin that cause it to be less risky than a whole hell-of-a-lot of other kinds of investments.
I also agree and understand that people vary in their readiness, willingness and abilities to embark upon risk, and frequently younger persons are more willing to take risks than older persons, and if we are getting back to bitcoin, the kinds of risk are both financial and psychological, but at the same time, again, I believe that there are strategies to account for your level of risk tolerance and to plan and create approaches that account for your individual situation when it comes to risk as one of the individualized factors that you should consider when or if you are going to invest into bitcoin.
Does Bitcoin desensitize us to risk?
I would argue, based on personal experience: No. It does not desensitize you to risk. May have the opposite effect and make you more risk averse.
Actually, there might be truth to this comment too.
Surely bitcoin has had a volatile history, and so when going through investing into bitcoin, if you are considering that bitcoin is causing you to increase your risk exposure, then like Bawb indicated, that increase in your risk exposure, might cause you to lessen your risk in other areas of your life.
Another thing could be true too.. Many of us likely recall how frequently and extensively Bawb was whining like a little baby during bitcoin's price drop in 2018 and perhaps extending into 2019, so those kinds of behaviors could serve as some kinds of evidence that BTC HODLers sometime might need to either get to a certain level of profitability before they start to feel that they are comfortable enough with their investment in order that the investment sends them back into risk taking grounds... so in some sense there could be some psychological elements in the expectations for profits, but if any of us become overinvested and we expect BTC's price direction ONLY to go in one way - which is UPpity, then we might start to whine like a little baby when the price goes against our expectations.
Personally, I prefer to create somewhat low expectations, including the way that I had ended up approaching my bitcoin investment.
So when I got into bitcoin, I was wanting to get an average of at least 6% per year CAGR.... and maybe it did take me a few years of investing into bitcoin before it started to meet and exceed those first set expectations, so thereafter, I have been ready, willing and able to increase my expectations, even though my current approach of using the 208-week and the 104-week moving averages as my BTC bottom measuring points is still a pretty damned conservative way of attempting to look at BTC, so in that sense, I feel that my ongoing investment into bitcoin really can allow me to be way the hell more risk taking - because the BTC price is way above and beyond either the 208-week moving average (currently about $16k) or the 104-week moving average (currently approaching $24,500). What I am suggesting that those BTC bottom measuring prices are so damned far above my even loosest of average cost per BTC (which could be proclaimed to be around $1k), so that being at least 16x or 24.5x in profits by using the bottom prices or even close to 50x in profits if we use our current spot prices, as I type this post, causes a whole hell of a lot of financial and psychological comfort, so in that regard, the comfort levels can contribute to willingness to be risk-taking in other areas.... except for the problem if many of us might feel either super richie, approaching fuck you richie or above and beyond fuck you status, and therefore, we might choose NOT to take risks with certain aspects of our health because we may well feel that we have a lot of reasons to both live and not to injure ourselves because we have a decent amount that we could lose in a kind of opportunity cost way if we were to cause unnecessary damages upon our lil selfies.
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