Your point is well met, and it makes sense, I can follow your logic much more clearly, even while I probably still won't venture as far as to take on as massive risks with "web3" as some people I know have, I completely get the logic you were trying to make now. Thanks for expanding further and helping me understand your point
Welcome. I would definitely avoid taking on massive risks in crypto. I roughly see two situations.
1. The "nothing to lose" situation I described. Low wealth individuals putting "everything" at it, yet everything is very little. I don't advise it, but I understand it.
2. People in a reasonable/sound financial position. Whom can obviously just avoid crypto altogether, but some may want to get in with a portion of their wealth.
For people in group 2, it's not as simple as a fixed percentage of your wealth, say 10%. If you have 10K in savings, putting in 1K in crypto is useless, as you're now in the range of 9K - 15K savings after your run. It will suck your energy whilst it does not generate meaningful wealth even in the best of cases. Just don't bother.
That's why I believe you need a minimum stake of at least 10K. You need skin in the game. Doing a 3x-5x on 10K starts to get interesting whilst losing it all is survivable. If you master the game for two cycles, you might even turn 10K into 40K into 100K. That's meaningful life improving money.
But in any case, indeed, don't bet the farm. Unless your farm is a cardboard box.
