I’m sure that investment in crypto will give much better return than the annual 8%. That’s why I had half my savings invested in Bitcoin, when I first began to invest in crypto assets. And now 90% of my savings are in crypto.
Have you considered moving to a cheaper place to reduce your spending? For example, if you can work remotely, you could move to Portugal and be exempted from income tax for 10 years (here’s automatic 30% saving for you). Also, the cost of life is lower in Portugal (especially food and transportation). And you will still enjoy your European safety net and healthcare, which will be transferred from Finland to Portugal, once you get your residence card.
I invest in crypto but only a small amount. Not enough to change a life. And I'm not a day trader, I don't make predictions based on the movement of any currency. I invest in promise of the cryptocurrency and that is a slow way to profit but it has huge potential in the long term.
It is quite awesome that you trust cryptocurrencies so much that you put 90% of your savings in them. I can't get the image of risk out of my head despite knowing that the risk-reward-ratio is very high.
As for moving abroad, I might move abroad again for a while at some point. But Finland is my home and my family lives here. Family is important to me and living abroad makes visiting harder.
I think you’ve misunderstood what I wrote. Or, more likely, I wasn’t clear enough when I described it. I invested half my savings in crypto. Since then the value of my crypto assets investments have gone up so much, that their share in my savings portfolio amounts to 90% today.
Otherwise I have the same strategy as you: invest a little bit regularly (I buy every week), only in coins that you understand and believe in a long-term potential of, don’t try to day-trade, HODL long-term (3–5 years).
Ah, right! Mine have been up to 50% of my savings. But they went down quite much now
And now they are rising again! ;)