"Famous economist" Fu Peng said: young people should go all in! In fact, the previous text is about large funds making 5% on 100 million, which is 5 million, while young people with 50,000 or 100,000 want to make 5 million, which requires a 100-fold return, and losing that little money when young is not a big deal.
Actually, I generally agree because as you age and your skills grow, as long as you are willing to work hard, your income will generally increase in the future, and the money lost before really doesn’t count for much. Many cases of sudden wealth come from going all in in front of an opportunity, like CZ selling his house and going all in on Bitcoin in 2013, Li Xiaolai going all in on Bitcoin, and Duan Yongping going all in when Sina was about to go public.
However, this cannot be said in public because most people, even if they go all in, will end up with nothing; less than 1% of people can achieve results. If all young people do this, the world will be chaotic, and if most young people take on debt, many problems will arise; it will affect social order.
So even if young people want to go all in, they should keep a certain amount of living expenses and avoid leverage and borrowing. $ETH