Post
Topic
Board Economics
Re: You cannot eat your cake and have it
by
loopes
on 30/11/2018, 02:12:27 UTC
There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.
Any investors should know about what kind of investment that they do. If they choose cryptocurrency then they should understand it's characteristics, probability of profit and risk. I only buy bitcoin when I see a sign that there is bull market that will come and I sell it when there is a sign that panic selling will be happen. Never end of buying and selling, only saving money is bad for us, the inflation will make our money value decrease.