RE: what does "don't invest what you can't afford to totally lose" mean?

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what does "don't invest what you can't afford to totally lose" mean?

in bitcoin •  7 years ago 

-don't trade rent money. maybe don't refinance the house to go all in on btc.
-btc might have a positive expectancy. I would argue that it does. lotto tix have a negative expectancy. basically, this means btc could go to zero tomorrow but it is still a good investment today. the lotto is a bad investment today, tomorrow and anyday.

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7 years ago by

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      ·  7 years ago 

    I agree, those are reasonable positions.

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