I hear everyone say "don't put in more than you can afford to lose", but is anyone else putting in more, as in what you can't afford to lose? Or am I the only idiot with too much balls..
I have around $17 grand into BTC/LTC... this is NOT money I can just afford to lose. I have around $8000 of debt but I'm paying it off bi-weekly with every paycheck. I'm devoting myself to cutting down useless spending this year and keeping track of my money better so I can maintain or acquire more bitcoin. I'll probably have to cut down going out on weekends and making trips this year, but I'm okay with that. Bitcoin being killed off at this point and going to $0 is unlikely in my view, but I guess anything can still happen. But on the other hand if it skyrockets..... well I'll be a very happy guy.
Anyone else putting in way more than they can afford to lose? I just wanna see who you are so in case we crash and burn I'll have some shoulders to cry on.
A lot of people will tell you that you are making a horrible mistake, and those same people will say that you were just lucky if your decision turns at to work huge in your favor. If you talk to a lot of financially successful people, many of them will tell you that they made a lot of good and bad financial moves in their life, but there were 1 or 2 big risks that they took that actually paid off (many by luck) and led to where they are at today.
I personally have made a few of these moves, and it has changed my life dramatically. I applaud your risk, but I do think you should hedge some of it, and pull back some profits when you can, and try and just pay off the debt that you owe. Living debt free, is the best feeling in the world.
