Post
Topic
Board Economics
Re: My Advice on Investing in Crypto
by
geberger
on 27/09/2018, 08:07:02 UTC
Before we put money in crypto, the most important thing to do is to understand risk, as we know that crypto investment is like a roller coaster so prices rise and fall can reach hundreds of percent per day, if we are not ready to lose then we will be easy to panic.

True indeed, it seems a lot of people have a lot more skin in the game than they should and therefore panic arises very quickly. Someone who is aware of the risks would never invest more than 20% of net wealth in a volatile market. Many people are in head over heels though and only have 20% reserves or less.
Even as low as 0.5 to 2% a day would be considered massive returns in any other market but here people are getting REKT trying to chase 20% a day and claiming its impossible to make money trading crypto.