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Everyone is encouraging risk taking. If you don't follow suit you will won't make money. It's basic strategy. Eventually the risk taking will result in you no
by 99_00 5y ago
Everyone is encouraging risk taking. If you don't follow suit you will won't make money. It's basic strategy.
Eventually the risk taking will result in you no longer making money when things go bad.
But at that point when your fund, brokerage, whatever, goes bust you will have a very nice personal bank account.
The person who didn't encourage risk will also go out of business (because everything will be dragged down) but they won't have a nice personal bank account.
Why would you choose to be the poor person?
- haskellandchill 5y agoBecause you actually believe in things and don't just follow trends. Fundamentals work, they really do.
- derivagral 5y agoThere's an assumption here that you can get out in time. What if you can't tell when and you miss conversions due to any number of reasons (congestion, availability, liquidity, counterparty risk in defi, etc) I ask because I don't get the sense that most risk-on investors in crypto regularly convert gains back to fiat.
- 99_00 5y agoIt depends. People who have skin in the game are going to be the most responsible. People who's compensation is based on bonuses... not so much.
- ghufran_syed 5y agoSeemed to work well for Vanguard: https://en.wikipedia.org/wiki/The_Vanguard_Group https://en.wikipedia.org/wiki/The_Vanguard_Group