Crypto

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While some will make some coin with crypto, there will be a lot of feelings like this too:

It doesn't take crypto to make one have a financial heart attack. You can do that just fine with Nvidia/Tesla. Crypto (Bitcoin) is merely another investment vehicle.

Always make sure you are buying on a regulated exchange and through a financially strong broker. Broker/exchange risk is easily mitigated.

Risk management with ALL things is #1 in this game. And 90% of investors (and financial advisor wingmen) are not properly attuned to the full measure of risk they/their clients are exposed to.

You should have seen some of the client portfolio losses I witnessed during the Dot.com crash. The Nasdaq lost 90% of its value. 50% haircuts were common. And folks that bought in at the end (a common occurrence with bubbles), needed a decade to recoup all their losses. 100% of the gains that retail investors enjoyed over the Dot.com era were "given back" to the market.

It's hard to be smart when you've been in a bull market since 2009. But folks... be smart. Pigs get fat, hogs get slaughtered.

[Kung Wu]

Are you going to start the Shockernet crypto then KungWu?

Save WSU athletics!! $WSU Crypto!

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Save WSU athletics!! $WSU Crypto!

Now that would be fun. I would gladly contribute. Maybe even manage.

Risk setting would be set to 11.

https://www.infinitegiving.com/blog/nonprofit-brokerage-account

YOLO time!

https://www.reddit.com/r/wallstreetbets/

[AndShock]

I guess you can consider me an “early adopter” of bitcoin as I used it to gamble illegally on sports back in 2012-2014ish. It’s kind of depressing to look back at some of those transactions as they now appear as transactions worth hundreds of thousands of dollars. Back then BTC was advertised as anonymous, secure, etc. I eventually found that not to be the case as most “legit” BTC sites ended up banning me for illegal activity.

A few months ago I did find $8,000 worth of bitcoin from a wallet I had last accessed in 2016. That was the extent of my bitcoin “profits”. I can’t blame myself too much as I never considered bitcoin an investment, I strictly used it as a currency. I usually always have a little bit of crypto but it’s to hold as a currency, never as an investment. I don’t treat it any differently than I do the US dollars in my bank account.