Post
Topic
Board Economics
Re: Should I believe in Bitcoin ?
by
deisik
on 03/12/2016, 18:00:29 UTC
Just like what they always say In BustABit go high or go home but be careful  and always remember invest what you can afford to lose and dont put all your money in one basket good luck in your decision .

I disagree with the "go high or go home" approach to investing. Like in everything you should have experience before you start earning. So I think you should go low first time and several times after that. Thus you'll be able to get some experience which might be helpful in the future.

But you can't get experience until you start earning

Or, at least, until you start trying to earn something since it is not given that you will earn anything right from the start. In this way, "go high or go home" may quickly turn into "go high and go home". As to me, the best approach to trading is increasing the amount you trade by the size of the profits earned (or something to that tune) after you start earning on small amounts (which you are ready to lose a lot of times, anyway), so your losses won't be devastating even in the worst case scenario