• hoshikarakitaridia@sh.itjust.works
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    1 year ago

    I mean you gotta be realistic: investing in crypto is either gambling or getting scammed. Bitcoin is probably more stable than most other coins but that doesn’t mean it’s not a gamble. And volatile = gambling assuming you’re not an omnipotent being.

    TL;DR don’t invest in crypto. Any crypto.

    • Gigan@lemmy.world
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      1 year ago

      If I’m being realistic, I’m not all-in on bitcoin. I have a variety of investments. But bitcoin is beating them all, by a lot. If you plan to invest in bitcoin and cash out in a few months for a profit? Yeah, that’s a gamble. But long term I think it’s a safe bet.

      • Long enough term, it’s guaranteed 100% loss though, you just feel like you’ll know when to pull the trigger. I divested everything when I 10x’ed my money… when Bitcoin were $1k each. I realized that that ride is a fucking roller coaster and I didn’t want on it. Do I wish I had $500k worth of bitcoin right now? Hell yeah, but fuck me if it couldn’t have gone the other way.