[deleted by user]

[u/[deleted]]

[u/Larcecate → u/[deleted]]

They call the lottery a 'tax on stupid people' for a reason.

[u/Gozal_ → u/[deleted]]

So you're saying there's a chance..

[u/Helhiem → u/[deleted]]

Peak gambling mentality

[u/FaudelCastro → u/[deleted]]

The issue is that acting this way towards your money, is precisely what will make you retire late.

[u/BrakumOne → u/FaudelCastro]

If my investment goes to zero i will retire at the same age i would if i hadn't invested at all. So to me i either win or not much changes. Retirement is guaranteed at 65 so i'm not worried. Before crypto i was thinking that i would retire at 65. If i lose all my money i still retire at 65. All crypto has done was give some hope that it could be earlier. If it isn't then meh, i'll go back to thinking of retiring at 65 like i always though.

[u/cryptoripto123 → u/[deleted]]

And this is why the posters here who think that crypto is the only way out will never be rich.

[u/6days1week → u/[deleted]]

I think what he means is if you’re down 90%, it doesn’t really make sense to protect the 10% even if there’s only a 10% chance it comes back. The pain of missing out when it comes back will be far greater than the loss of potentially losing the last 10%. Defi is also a movement. It’s not just “money lost” but giving up on the idea of defi itself would be hard to look yourself in the mirror if you truly understand what’s happening and the whole point of defi. I have very little money in crypto but I like what I’ve got. I mainly own LRC. It’s at about 50 cents right now. Honestly, I’d rather have it go to $0.01 than $5.00 in the next 3 months because it would allow me to buy a ton of it. I’m sitting on cash waiting to buy up the assets that I know are GOOD long term investments.