This might be a bit of a bad question, but I don’t know where to ask to get the least biased responses.

So, I have about $1.000 in Bitcoin that used to be $300 (I’ve put in about $1.500 in various shitcoins before getting those BTC)

I fly drones as a hobby and I was thinking of getting a new system for that amount of money.

  • NotNotMike@programming.dev
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    21 hours ago

    My advice would be to treat investing in unique assets - like shares in one company or Cryptos - as gambling: only put in what you’re willing to lose. Anything you can’t afford to lose should be saved or put into index funds with lower risk and volatility.

    You just cannot know what an asset will do in 6 months. You can have a really good guess, but at the end of the day it’s still a guess. And that guessing is even more difficult when it’s a non-productive asset like Bitcoin, because then you’re just gambling on vibes. There isn’t much logic to Bitcoin’s price besides “what if” and FOMO.

    So yes, if you can afford to lose the money, you can leave it in. But if that money going to zero overnight would impact your quality of life or ability to absorb unexpected expenditures, then liquidate.

    And on a more personal note, you’re probably better off having the drone you want than flipping a (digital) coin and hoping it’s heads