Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.
How fucking stupid is that? Anyone investing in crypto
should prepare to gain 10X their entire investment. This would be a much better way to prepare as it is
far more likely to happen than a loss of entire investment. WTF is wrong with journalists today?
This is just a simple disclaimer which they simply have to add when talking about high-risk investments. I personally think this is very good that they warn people about this. I will even repeat: "never invest more than you can afford to lose". Don't count on 10x, prepare for bad scenario, I would say. Remember 90% of traders lose their money.
I will always remember this. Thanks for putting this in a brighter perspective. Most people have an unrealistic expectation with cryptocurrency, which either puts people being afraid or too optimistic about it. When financial advisers tell you the dark side of investments, that is to warn people about the risks. I personally don't like things that are too good to be true because most often, they are scams.
I hope that for the newbies, they will realize that ALL investments are a gamble.
"never invest more than you can afford to lose"