I’ll go first…after 10 years of speculating in the market (read: gambling in high risk assets) I realized I shouldn’t ever touch a brokerage account in my lifetime. A monkey would have made better choices than I did. Greed has altered the course of life many times over. I am at an age where I may recover from my actions over the decades, but it has taken its toll. I am frugal and have a good head on me, but having such impulsivity in financial instruments was not how I envisioned my adulthood. Its a bitter pill to swallow, since money is livelihood of my family, but I need to “invest” all I have into relationships, meaningful moments, and fulfilling hobbies.
Nothing wrong with holding long term something you believe will be a more secure store of value over your local currency. People have always held gold and other precious metals to hedge against government fiat inflation.
Truth! Lemmy is very anti-crypto, but it has a lot of advantages in socialist and anarchist circles. Sometimes Lemmy just hates anything that is popular, because they think it means “rich.”
Even tho the average Lemmy poster makes more than the average Americans wage.