Comment on Buttcoin
Dozzi92@lemmy.world 21 hours agoGot into crypto December 2017, which was a high back then, and then everything dropped 50%. But just held on. And so even though I’ve made a nice chunk of change since then, I’ll still hang on and wait for it to happen again.
I did the corona investathon as well. I’m not sure I have any of the same holdings I did then.
I think of it all as gambling, and I treat it as such. I have an $800 limit, because if I lose $800 it doesn’t hurt too bad, but if it goes up 1000% (looking at you BMR, you sweet sweet whatever you are), then you make a bunch. So just gambling.
Then there’s the retirement vehicles. Booioorrrrriiiiinnnnnggggg
glorkon@lemmy.world 8 hours ago
I gamble too, but I do it with knockout options. I sometimes buy a factor 20 option, set it to 5% trailing stop loss and watch what happens.
In many cases, the option starts losing value and is automatically sold once it’s lost 5%, which isn’t too bad if you’ve invested, say, 1000 €. You lose ~50 €.
In other cases it goes up. And up. My current high score is making 450 € with one such investment.
It’s fun, and not too risky. Meanwhile, my retirement vehicles go brrr.