Once I read (don't remember where) that, before investing in anything, you should be able of answering these 5 questions:
- it is a real or a financial asset? (In another words, do I need to trust anyone my money?)
- what needs to happen so I earn money with it?
- what needs to happen so I loose money?
- what needs to happen so I loose ALL my money?
- how liquid it is? (In another words, how quickly can I get out, without a significant loss?)
If they can answer that they are good to go (for btc, shares.. whatever)
SamSnow
npub1zy…dax0j
2024-12-10 12:07:38
in reply to nevent1q…9g4p
Author Public Key
npub1zykzdjr9jwlhqj2cm9uj2hzmx08xtrv2955689mk35rn9qt5klgq5dax0jPublished at
2024-12-10 12:07:38Event JSON
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"content": "Once I read (don't remember where) that, before investing in anything, you should be able of answering these 5 questions:\n\n- it is a real or a financial asset? (In another words, do I need to trust anyone my money?)\n- what needs to happen so I earn money with it?\n- what needs to happen so I loose money?\n- what needs to happen so I loose ALL my money?\n- how liquid it is? (In another words, how quickly can I get out, without a significant loss?)\n\nIf they can answer that they are good to go (for btc, shares.. whatever)\n",
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