Excellent your publication on the subject of risk in investments. I think you're right when you say that the risk is inevitable, and much more in the world of cryptocurrencies. But personally I do not want to lose the enthusiasm and the faith that things will finally go well. Thanks for sharing.

Deep word and thinking. I love it!!..

I wish I could buy cryptos in my Roth IRA, which is all cash now as I wait for that market to correct. Unfortunately most of the rest of my immediate liquidity got hit by the dip, so moving it around doesn't help. I could have some more liquid fiat next week and we'll see how I feel if the downtrend continues.

I spent a decade and a half building my risk tolerance and bringing my emotional attitude closer to my math. It's amazing from this end what an advantage that can be. Worth the work, definitely.

You see the image really caught my attention,  you are absolutely right portraying rick with that  picture. To make it I life it actually involved a lot of rick, this life itself is a risk,  we take a risk by going to school, even giving birth is also a great risk.  
>I’m sure that some of the readers of my blog are quite familiar with his contribution not only to this particular blockchain, but in projects that have grown outside of Steem and know he is an opinionated mind

I actually follow this brother.  I find this piece valuable to life, steemit and cryptocurrency in general. The lecture is well understood I believe a lot of steemians would find more valuable.

Some valuable info here... literally :-) Weighing the hope of gain against the fear of loss is impossible for me; that's why I don't day-trade or swing-trade anymore. For emotional beings the brain just isn't equipped to do these calculations, something I covered in "We Make Terrible Decisions". It is also no coincidence that those most successful in trading on the exchanges and in the capitalist economy in general, often are best described as psychopaths or sociopaths.

This is a crude generalization, but collaborated by a ton of research. The amount in which one is successful at switching off empathy, is the measure of one's succes in this economy and on exchanges. The lingo is clear: buy when blood runs in the streets, bulls make money, bears make money, pigs get slaughtered. You know them all, and you know the pig in there is the poor sap that FOMO'd all his cash away. And those who "short" stocks or coins *know* they're slaughtering pigs.

In this picture I'm afraid I shall forever be a pig :-)

> the absence of risk does not exist

I dare say, managing risk is also an illusion. But that's a long topic.

Some Dad quotes?

> Identification is limitation.

> All security is a false-sense of security.

> Peace is not avoiding the storm. Peace is wellness within it.

To answer your question...

> Are you buying something on this dip?

Duh.

> a lot of numbers that will bore most who don’t day trade

Some of my fondest memories are forged the 11 years I worked at Fidelity Investments as a day trader. I was right there, at the World Trade Center, during Y2K. I got an award for being there, which made me feel incredible. I can't believe that was 18 years ago.

The fears of that time were complete collapse of everything. It's amazing how few people realize how much the species is dependent on technology. Just think, "Life support" "Medicine manufacturing" "Food production." Such began my obsession with Zombie films/shows.

My path in life is downright <em>offensive</em> to many people but it helps me manage my own sense of risk.

* Quantum physics gives rise to Newtonian physics, yet none of the rules apply. Lol. I.e. Schrodinger's Earth is both yet neither flat nor round. What's Earth? Oh yeah, I'm hallucinating anyway so why not hallucinate selectively? Highest frequency theory — If I'm god, now what?

* If we remove all the technological crap we're dependent on, who's got what it takes — especially mentally — to survive? Do I? And is survival itself as necessary as I make it in my head? AND, if survival didn't matter to me, how would that change my mindset? Lowest frequency possible. If I'm just fundamentally another animal in the jungle, an elaborate jungle no less... Threats everywhere. Zpoc. Cannibals. Do I have what it takes?

* Standing in "Now." Ambiguity. Selective loyalty. Acceptance of transition, influence, and change. Observation. Self-love. Perpetual state of wonder. Non-judgemental data collection and consideration of the possibilities. Theoretical extrapolation of potential outcomes. Tree branches. Pattern recognition. Passionate curiosity. Letting "what ifs" exist without anxiety. Letting what just happened be followed by, "Well. That was interesting" without depression. I'm not a Buddhist but mindfulness is revolutionary. 

* Subjectivity. Attached. Feeling. Insecure. Confused. Weird. Biased. Broken. What if I'm stuck? What if change is an illusion? Am I okay with that?

#thoughtvomit #thoughtexperiments

https://steemitimages.com/DQmcpijmcXxo4zQRkYFMacnZb957AJcWbUCZJv7JGcwJs5m/U5dqvM7wbXyDDR99UrLjYbABdFs5QUE_1680x8400.jpg
great theam sir... your writing is awesome...

Also to consider is something known as, FOMO, which is the fear of missing out.  Likewise, yes, we are all going to live, but in the very next breath of truth and reality, we are all going to die at some point as well.

Life is inherently fraught with risk, and as such, we have no choice but to embrace such risks, and mitigate them to whatever extent humanly possible.

To close a blind eye to such, and bury one’s head deep into the sands of disillusionment with regard to such, will most certainly deliver the most punishing aspects of reality to those who take this perceived easy way out in “going with the flow” of the disillusioned masses.

Good post, Meno, and good food for thought for those so inclined to feast upon such insights in order to reap the dividends thereof in the long run – and yes, reaping such legacy dividends to our heirs even after the lot of us are all dead and buried!