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$1.4k isn't much to most HN users, so I would tell you to invest it in crypto if you don't own any yet. I'm not saying you should take out a mortgage to buy cry
by viklove 6y ago
$1.4k isn't much to most HN users, so I would tell you to invest it in crypto if you don't own any yet. I'm not saying you should take out a mortgage to buy crypto, but if 2-10% of your portfolio isn't already crypto, then you should really fix that. The chance that ETH gets a 500% return from now until the end of the year is about 50%, in my opinion.
- AnimalMuppet 6y ago> The chance that ETH gets a 500% return from now until the end of the year is about 50%, in my opinion. If I were a betting man, I would be willing to wager any amount you named that you are wrong. (Seriously, any amount up to my maximum ability to raise. If it were more than I were comfortable losing, I'd buy ETH for about 1/3 the dollar amount of the bet, and make money no matter what happened.)
- viklove 6y agohttps://ethereumprice.org/guides/article/how-to-short-ethereum/ https://ethereumprice.org/guides/article/how-to-short-ethere... I am a betting man, and have a not-insignificant amount of money wagered on my position. Put your money where your mouth is. Go take out a loan, and use the cash to short ETH. Otherwise it's obvious that you're just full of hot air and have no conviction.
- AnimalMuppet 6y agoThere is a lot of room between shorting (betting it will go down) and betting that it will not go up by as much as 500% by the end of the year. I never said I thought it would go down. But you're right. I lack the conviction to act on something that aren't actually my convictions.
- viklove 6y agoOkay, then go take out a loan and sell some covered calls. You'll make money on the premiums. Why aren't you doing that?