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The point is that you shouldn't invest in an asset without understanding its properties. I help my friends buying Bitcoin and I make sure that I prepare them f
by xiphias2 8y ago
The point is that you shouldn't invest in an asset without understanding its properties.
I help my friends buying Bitcoin and I make sure that I prepare them for the huge risk they are taking.
- mannykannot 8y agoYou help them by explaining that it would be a mistake to regard an 80% - 85% decline as brutal?
- xiphias2 8y agoYes, I myself have been through multiple of those, and it's important for people to expect it. The most brutal things for me were about losisng/forgetting/not writing down correctly passwords, exchanges being gone with part of my money, even though I tried to be very careful. Being 80% down is nothing compares to.these kind of (not as rare as you think) events.