I am one of the idiots who put most of my savings into crypto. Let me share some of my thoughts.

Hi!

About half a year ago I've put about 85% of my savings into crypto. Situation was kinda desperate, plus I've been very uneducated in regards to market volatility. My country was reaching the near negative interest in banks and quite honestly, as someone fresh out of Uni, I didn't have too much to lose, so I went nearly all in, only leaving enough Fiat to hold me through about 3 months worth of minimum living conditions. I thought to myself "not a biggie". I got a job, just got an apartment to move out of my parents necks, and a decent enough Skoda Rapid. Housing - check, car - check, job - check. With all that and a glass half full outlook, I was all "I can get through this, easy". Needless to say, I've been very nervous with every dip, despite shortly not realizing that I've been in a profit so far. It's more stressful than I thought.

Do I regret this decision? If I'd be in negative, probably. But so far, definitely am not. But what I'd like to say, is that I still think it was stupid of me to take such a leap, and for your own mental health, I recommend none of you do the same. They don't say "only invest what you can afford to lose" for nothing. There's a big truth to that.

Also, another bit of mistake I did that nearly cost me big time. Don't trade! No matter what anyone says, you can't time the market. Many times I thought I sold at the top and bought at the bottom, not even remotely any of it was true and by now I'd end up tripping my investment. HODL and don't take this tempting deal of trading.

Anyway, just wanted to share my little bit of story. Thanks for reading!