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by vcxy
1966 days ago
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Didn't quite get out in time. Lost what is a lot of money to me, but very little to most people on HN. I think there is a weird dynamic with us complete investing noobs though. A lot of us are kinda poor, or at least in debt. The "yolo" strategy doesn't seem that bad in many ways. Even though it's a lot of money to me, the unrealized gains I didn't take and the amount I lost really don't put me in a very different position. Just have to keep grinding away on student loans in either case, only a ~2.5 month swing on my estimated time to finish paying my loans from my bad bet compared to selling at the top, and only 1 month worse compared to not trying at all. Learned some stuff too, hopefully it'll make me a better investor when I'm able to save some money starting in my mid 30s. |
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But actually, I had student loans and lost a chunk of money during the last BTC spike (literally bought at the very top). It set me back on paying them off which was a big bummer, but in reality, it was a moment that let me truly focus and probably put me ahead in the end. Any time a wild finance story would hit, I'd think about that BTC and remember that investing in your debt is a guaranteed return. And in my case, it was like 7%, so a good return. Now they're paid off and I get to invest like 1% of my money in fun things without worrying if I lose it.