How high is your risk tolerance?
Will you risk with your hard earned $1000, for an asset, which promisse you $100000 profit?
Or 100x is not enough?
How high is your risk tolerance?
Will you risk with your hard earned $1000, for an asset, which promisse you $100000 profit?
Or 100x is not enough?
I try and don't get risks on promises but on data...
Maybe I used a wrong word ( promisse) . Imagine it is data, good track record, and solid potential.
How then>?
Then it's time to take action and invest... as far as your hard earned 1000$ aren't vital to your monthly economy survival.
I don't see any security will such an asset have that would make me risk my hard earned $1000 because of a promise. I can only do that with an asset that has been proven to be reliable even if its ROI is not much.
Always taking the least possible risk.
If that's the only $1000 I have, definitely not, especially when it's hard earned. 100x can be extremely risky.
If I am dependent on that money, I may hesitate to take the risk but if I am not dependent on it, I may take the risk.