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Joined 2 years ago
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Cake day: July 4th, 2023

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  • What did you do in 2020, when everything shut for COVID?

    What did you do in 2008, when the arse fell out of the housing market?

    What did you do in 2000, when the dotcom bubble popped?

    Chances are the answer was “just shuffle on as normal, carry on living paycheck to paycheck, possibly get a new job if you work for somebody badly affected”. Odds are your pension pot will recover by the time you need it.

    What do rich people do? They gamble. Watch The Big Short. You could try that, but chances are you’ll lose money. “The markets can remain irrational longer than you can remain solvent”, as the old saying goes.






  • Yeah, Black Monday and similar in the Dot Com Bubble, the Sub Prime Mortgage crisis, and COVID.

    But these are events that got named. BTC loses a chunk of value it’s just Tuesday.

    Have some in your portfolio, sure. But all crypto added together has a similar market cap to Microsoft or Apple, and when BTC dips, all the other crypto follows it.