I’ll go first…after 10 years of speculating in the market (read: gambling in high risk assets) I realized I shouldn’t ever touch a brokerage account in my lifetime. A monkey would have made better choices than I did. Greed has altered the course of life many times over. I am at an age where I may recover from my actions over the decades, but it has taken its toll. I am frugal and have a good head on me, but having such impulsivity in financial instruments was not how I envisioned my adulthood. Its a bitter pill to swallow, since money is livelihood of my family, but I need to “invest” all I have into relationships, meaningful moments, and fulfilling hobbies.
A lot of crypto isn’t blind luck any more than the stock market is. I’ve made smart, strategic, well researched crypto investments over 13 years and it’s been quite successful. Bitcoin, Ethereum, Solana, Sui…
If you keep up with the engineering and filter all the noise, it’s historically been really smart investment / store of value.
That said if you’re just following influencers and aren’t an engineer or have a keen eye for finding truly knowledgable people - yeah it’s risky af!!
Yeah, well I have been lucky, but I always cash out early. But it’s hard for me not to just be all in all the time! I do love watching the stands and the news about it though.