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If your hands are shaking you might be doing yourself harm by being so invested. Try to imagine how you would feel if it crashed 50%. If devastated is your answ
by DSingularity 6y ago
If your hands are shaking you might be doing yourself harm by being so invested. Try to imagine how you would feel if it crashed 50%. If devastated is your answer, why not scale back a bit? If you scaled back and Bitcoin came to rule the financial world you would still be in a very good position.
I know a friend who got so excited and put a large, large amount in BTC. Bought quite a few. It crashed and he sold. Probably at the bottom — didn’t ask. Later when it rebounded and he bought 1 BTC. He could have saved a lot of money if he just bought 1 from the start. What stopped him? He never sincerely considered what his reaction would be if it crashed and then rebounded. Don’t be like this guy.
- caymanjim 6y ago> If your hands are shaking you might be doing yourself harm by being so invested. Reading WSB and using that to direct funds is not investing. It's pure gambling based on the odds of getting out of a pump and dump before it turns the corner. The parent is not an investor, and will with certainty lose all their money.