08-27-2021, 11:33 PM
Stop investing temporary money -- no coin is "safe enough"
<!-- SC_OFF --><div class="md"><p>I've seen 2 threads tonight one investing temporary money that will be needed for school and one investing other people's money that was collected as a pool to surprise them later. Several of the comments suggested doing this with BTC to be <strong>safe</strong> and it blew my mind so if I could have a quick second to show you some reality.</p> <p>If you invested $1,000 on April 13th with the intention to pull it in 3 months - by July 13th you would have $513.00 left. Not so safe. But lets say you were <del>smart</del> and waited for a dip, like we have going on now and invested on April 25th, you'd still only have $719 if you wanted to pull out 3 months later. </p> <p>I can do this with far more devastating timelines like the time from December 2017 to April 2018 where you'd have $317 left of that thousand even though you had a <em>whole 4 months</em> to wait. </p> <p>The reason we say only invest money you can afford to lose is because <strong>you could actually freakin' lose it</strong>, and if it's money you need (or holy fuck -- other people's money) you can't afford to let it stay on for the ride back to green and beyond. </p> <p>This is, and always has been a market best played long term but <em>never</em> play with solid calendar deadlines.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/amandamichelle90"> /u/amandamichelle90 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcddze/stop_investing_temporary_money_no_coin_is_safe/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcddze/stop_investing_temporary_money_no_coin_is_safe/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I've seen 2 threads tonight one investing temporary money that will be needed for school and one investing other people's money that was collected as a pool to surprise them later. Several of the comments suggested doing this with BTC to be <strong>safe</strong> and it blew my mind so if I could have a quick second to show you some reality.</p> <p>If you invested $1,000 on April 13th with the intention to pull it in 3 months - by July 13th you would have $513.00 left. Not so safe. But lets say you were <del>smart</del> and waited for a dip, like we have going on now and invested on April 25th, you'd still only have $719 if you wanted to pull out 3 months later. </p> <p>I can do this with far more devastating timelines like the time from December 2017 to April 2018 where you'd have $317 left of that thousand even though you had a <em>whole 4 months</em> to wait. </p> <p>The reason we say only invest money you can afford to lose is because <strong>you could actually freakin' lose it</strong>, and if it's money you need (or holy fuck -- other people's money) you can't afford to let it stay on for the ride back to green and beyond. </p> <p>This is, and always has been a market best played long term but <em>never</em> play with solid calendar deadlines.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/amandamichelle90"> /u/amandamichelle90 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcddze/stop_investing_temporary_money_no_coin_is_safe/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pcddze/stop_investing_temporary_money_no_coin_is_safe/">[comments]</a></span>Kind Regards R