In the past weeks I have been researching about cryptocurrencies over and over again. I know about them for a while now but I have not paid too much interest in it up until now (big mistake). I have gathered a lot of information about loads of altcoins during these weeks of research and I have been going mad over it due to the FOMO. Basically, I want to take a loan of 5-6,000$ on a 5 year period (I make 650$ a month) and invest it in BTC, ETH (for safety), NAV, UBQ and (not 100% sure about this one yet) OMG. I am not going to trade on these (although I believe that I could make some gains, it would be too much time invested and it would be very stressful) but instead I want to HODL for some years. I am aware that ‘you should invest only what you can afford to lose’ but this is my point of view: worst case scenario - I lose everything and I am stuck with a monthly payment of ~100$ for whatever is left from the 5 years after I lose everything, I learn Dutch and go to Netherlands (I currently live in Romania) to live a comfortable life…best case: I earn a couple tens of thousands of dollars and invest them further to make more money (in my opinion it is very easy to make money if you already have some money).
I know this is a long read, sorry for that but I have already driven my friends mad over this - they all told me the same thing: just fucking do it and stop talking about it so much already. This is exactly what goes on in my mind, if I don’t do it I will be stuck with these thoughts (+ FOMO) and it will eventually drive me insane (literally). If I do it and lose everything I would be crushed but that’s not something I cannot live with, there’s always something to look forward to.
Thanks for your time and good luck with your investments