It all boils down to money management. Only invest what you can afford to lose. Nothing is guaranteed.
Bro, the time of financial stability runs short. There's no time for that concept anymore. Who is able to "save up" and "buy the dip" when times are tough and soon to be tougher? Swinging for the fences is all some people got.
I agree, this is not a good time to be struggling financially. When you have to chose between investing and putting food on the table, you should not invest. You will most likely lose. I have been there myself. In 2003 I was driving an 18 wheeler and hiding from bill collectors, so broke could not even pay attention. Seemed like everything I touched turned to shit. Looking back, I am thankful for the experience. That was more educational than anything they teach you in college. It taught me to do a better job with risk assessment, among many other things. 2024 will be a great year in this space. Many people will flock to crypto as the legacy world crumbles and burns. It will create a lot of new opportunities.
And I'm not sitting on the bench while the game passes by. I mean come on: the stadium is collapsing.
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