- Reaction score
- 6,504
Losing a hundred quid doesn't exactly scare me but starting out, regardless of what's on the line, I saw no advantage to holding LTC right now when there's a safer and more prosperous alternative. Better off selling with a tiny profit and looking again soon at buying when it's low?
Pretty much looking at it like how to create a percentage of profit to simulate higher stakes, regardless of the actual numbers.
I'm beginning to think it's all a bit beyond me anyway in terms of both knowledge and risk. People who seem to be "cashing in" don't seem to realise the actual money you can make, and that's best case scenario. My friend is talking about throwing in 100 quid on pay day? What's the point?
So I've now got a grand on which most normal people would consider a bit scary, but realising I'll have to put 10k or 20k (the maximum I'd consider safe with) at least to maybe get a few grand back, and that seems to be the realistic best case scenario. Just not really worth it from where I stand.
No idea how you build up significant amounts of money doing this without getting crazy enough to risk debt or homelessness, especially as usually it's nowhere near as simple as cryptos.
