Post
Topic
Board Bitcoin Discussion
Re: Things you should know before investing in bitcoin
by
goodvibes05
on 07/07/2018, 12:25:24 UTC
Things you should know before investing in bitcoin

Do not get into debt to buy cryptocurrencies: this really should not be done with this or with another investment, if you are going to work your money with extra money you got.

Do not invest more than you are willing to lose: "it is recommended that you do not invest your savings in this currency; on the contrary, invest 1% of your assets, something that you are really willing to lose".




I really agree on this statement. Do not borrow money just for investing. Because when you lose money or your capital there is no way you can pay your debt. For sure you will borrow again money and pay back what you owed. You will repeat that until you realize you are already drowning in debt. If you do not have capital for investment it's better to save a small amount of money and invest only what you can afford to lose.