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.
Definitely right! A lot of people have mistakes when it comes in trading. Having an unplanned decision will take us in ruin. We should only invest what we afford to lose. Just like gambling because we do not know what we risk here and anytime we lose all of our investment. Do not be greedy because it may lead us in nothing. Plan the needed investment and put the excess money only.