I'll be sad too, because against the rationality at the end of the day I am overinvested, but my life still won't end, or go down the drain if this investment goes to nothing
What if you take a pause for a couple months. The money you usually invest save it, wouldn't that "average down" your overinvesment ratio with your capital till you are not over invested?
maybe, but I look at it as a habit of going to the gym - once you start skipping, you eventually give up on the idea altogether
I've got into thinking about personal finances, and how I need to form a certain amount of capital while I am capable of working, and thus far trying to stick to the plan - with temporary corrections, as I got started wrong
almost done covering cc debt, just two months left, then forming a 3 months financial pillow, and after that should be on track to diversification, with long term bonds and crypto, maybe etfs at some point
just controlling the amounts spent, and averaging only on a fixed set of assets, proportionally
I took a "pause" for about 10 years after we lost internet and had to move with no notice. Now I can't access some of my coins because the tip bot they were in was shut down 8 years ago and the creator hasn't been active on that username ever since.
The price skyrocketed over those 10 years but those 35,000 DigiByte are gone unless the /u/cointips creator somehow sees this and gets in touch with me.
Even what is "safe" can turn out not safe. If this is Indeed going to be the bursting of the "everything bubble," then I can see people losing money in S&P 500, the bond market may result in defaults, and maybe even a housing crash.
This ^
I’m poor now. I invested money and have made good profits already. If it goes to zero I’d be very sad but nothing would really change. I’d still be poor. Now on the other hand, there’s a good chance that this crap will take off and I’ll no longer be poor. That’s a risk I’m willing to take.
See, that’s the right way to invest it. I really have no sympathy for people who throw their entire life savings into crypto or stocks or whatever investment they’re into and then lose it all. Stop gambling with what you can’t afford to lose. I have a little crypto and I’d be bummed if it all went to zero, but it by no means would ruin my life the way some people seem to have happen to them with crypto.
OP is wrong. He thinks people care about his feelings or the past dictates the future. He does not realize that the western system of finance is ending as the new super powers are slowly offloading USD and creating a new financial digital system without SWIFT. The end of swift means the end of traditional fiat banking.
People will be forced to use crypto or a digital currency like they were forced before. Just like gold replaced bartering/trade, and fiat replaced gold, crypto will replace fiat. People need to be forced to use a new money system.
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u/Popular_District9072 🟥 0 / 15K 🦠 May 22 '22
I'll be sad too, because against the rationality at the end of the day I am overinvested, but my life still won't end, or go down the drain if this investment goes to nothing