Re:Bitcoin surpasses $50K as major companies jump into crypto
by ur-whale on Tuesday February 16, 2021 @08:42AM
(#26153767)
Yours isn't an unreasonable attitude.
Just like when you go to Vegas: put $500 cash in your pocket, leave all other means of payment at home.
You'll either come back with $0 or more than $500.
In both case, you'll definitely have had $500 worth of entertainment.
Bitcoin is like that: only invest money you don't need (assuming you have any) and meantime, just enjoy the feeling of having your stomach crawl up to the back of your throat on the roller coaster.
You're also obviously allowed to enjoy yourself when/if you become rich.
I started putting a small amount into BTC each month on Coinbase. It’s money I can lose and that I would have spent on a vacation this year if not for COVID. I figure I’ll pull it out at the end of the year and if it’s gone up, then next year’s vacation will be a bit better.
I don’t understand BTC at all and consider it gambling. But like Nick the Greek said, the next best thing to gambling and winning is gambling and losing.