The only reason I haven't jumped in is because I don't understand how block chain works or how it translates into money. It was the same story when a buddy was teaching me day trading in 1999 and buy/sell stocks was easy enough but then there's put options, short selling, futures, commodities markets, etc, etc.
I know I'm smart enough, but it was all about the time commitment to learning the whole thing that prevented me from making any serious effort back then and it's still an impedence now.
As for crypto, it's new and different and I'm the kind of person who has to fully understand what I'm doing before investing in that, first of all. Second, I'm really tight on extra cash at the moment thanks to an unfortunate series of medical problems over a ten year period which is why it's taken three years to build a 250R rider with my extra pennies and hustling the rest. My wife got seriously injured at work last year and it's curbed her income a bit as well.
The trike is almost done and I'm within $10K of paying off this current list of medical bills not counting the heart procedure I still need soon but that's another story. I guess maybe I should have dumped the $3500 I had hustled, into crypto instead of a 250R. That would have been the prudent thing to do, but it's my last hurrah and then I'm not building any more sport machines. A Trikefest and an Imperial Invasion and I'll probably sell it.
I just turned 47 last week so I need to stop making excuses for not jumping in. I probably shouldn't give a rats behind how block chain works and just learn how to invest in it because that's the bottom line anyway. I lost almost all my 401K value in 2008 and cashed out after our plant went belly up and I couldn't get work in the industry for 18 months. Now, alot of companies around here that offer 401K were not matching employee contributions at my level until recently so it made no sense to reinvest in that. Manufacturing in America as a career is going in the toilet thanks to Neoliberal economic policy, NAFTA, Free trade, and every other global manufacturing scheme aimed at killing high-paid tradesmen and labor. The only way out for me is to go back into plant management which is actually less secure than a machinist in today's "gotta make more in this quarter than last quarter" infinite cycle of investors chasing bigger dividends culture. I'm perpetually at the mercy of the "zero actual work" top-feeders as long as I stay in this line of work. I'm exploring my options to get out ASAP. This goose is cooked.
Sorry for the off-track rant
So it boils down to, "If you can't beat em, join em".
I'm ready to stop making excuses and jump in, Steve and I do appreciate this thread for sure. Just because you haven't got PMed by me doesn't mean I'm not interested, I'm just in a tight spot these last couple years which will free up soon. Maybe I'll go out to the garage later and look at my pile of accumulated goodies and find something I hardly use and sell it for cash. Maybe cash in some of my precious metals. I'd like to throw in $1000 minimum at first to expedite my profit building as I feel like just $100 is playing around and not getting anywhere very fast at all.
If I get to TF, I'll track y'all down and we can sit face to face and you can teach me what you know. I'm DEFINITELY interested in doing this.
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