Re:A Family Who Sold Their Belongings for Bitcoins
by aaron-lebo on Thursday November 09, 2017 @06:51AM
(#15661634)
Of course, that's the tradeoff. That's why with kids it is a little different, it's not just your comfort with risk, you are now risking their future and they don't really get a say in that.
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Re:A Family Who Sold Their Belongings for Bitcoins
by charlesdm on Thursday November 09, 2017 @07:14AM
(#15661753)
Maybe. My cousins husband is quite wealthy, but they are frequently leveraged to the hilt (margin debt, mortgages, etc). All for investment and tax purposes though, not spending.
He's done really well (probably made €50m+ since 2008), but they were pretty much all in at several points. As long as you know why you're taking certain risks, it's probably fine. Even if they don't all work out.