First off, when people hear the word reckless a stereotypical picture of one who is careless and indifferent immediately comes to their mind. But in the Crypto world (especially during a pure bull market) those who experience the greatest increases in their net worth are those ones who exhibit the most reckless of behaviours. During the 2017 ICO boom, those who invested in projects everyone thought were shit walked away with millions while the calculated guys watched by the sidelines. Funny enough, it's not only in the Crypto market that this happens. Like I've said before much of what happens in Crypto is replicated from the traditional markets. In 1999 during the Tech boom, investing in tech startups was seen as very risky and reckless as many were sure they would fail, but those who invested in them multiplied their money a hundred folds.
But then (there is definitely a BUT) while it pays to be a bit reckless at times, you have to observe the market. While I would sure advice you to be reckless at times, you need to take calculated risks. Many were reckless during the ICO boom of 2017, and the vast majority lost all their money being reckless. While it is one thing to be reckless, you should also calculate the risks and try to have an edge before going all in.
It is also worthy of note that the current market conditions should dictate your actions. You cannot be in a bear market (like what we are currently in) and go recklessly all in, to put it mildly you will come back REKT and then you'll join the wailing "CRYPTO IS A SCAM" team. So though you are allowed to be a bit reckless in a Bull market, it will be regarded as utter madness and stupidity (if I put it mildly) to be reckless in a bear market. So though you are allowed to be reckless, pls make it a calculated one to avoid coming out REKT. And also bear in mind what market you are also currently experiencing as that will determine in a way what path to follow.
DISCLAIMER: This article in no way constitutes financial advice and should be treated only as the writers opinion. Pls endeavour to carry out adequate research before investing into anything.
