3 ms·
> Someone who's rich wouldn't really notice 10% of their net worth gone. It depends more on how leveraged your wealth is than on how much you have. > The enti
by tboyd47 9y ago
> Someone who's rich wouldn't really notice 10% of their net worth gone.
It depends more on how leveraged your wealth is than on how much you have.
> The entire economy is definitely not as risky as BTC. The economy doesn't see 50% swings in value week-to-week.
Price volatility != risk. A number of people lost everything they owned in 2008. Everything. In fact, I've heard it said that half of the world's wealth disappeared.