Post
Topic
Board Economics
Re: How to manage the risk in investing cryptocurrency?
by
kidd07
on 30/07/2018, 14:09:00 UTC
I think that we should invest only such amount in bitcoins, which we can easily afford to lose. Risk is always present in all investments, but I want to advise you to invest in the long term.
I completely agree with you. It is important to watch yourself to avoid being reckless. Personally, I think it is bad to put all your money and commit them into multiple investments. It may be better if you put only a fraction of your money so you could still have some for yourself.
It is better to have a point of view if you want to take a risk in investing which you may going to ask yourself if it is really worth it or not. Anyways it is very important to know more than anything about investing Bitcoin is don't risk all the money if you know you can't earn it right away in a single day.
Risk are everywhere but it is up to you on how you manage it. For me, I will not consider it as a negative thing otherwise it would bother my willingness to learn and achieve something. Risk are challenges we need to conquer. Just be positive that even how much risky it is everything is worth to take for.