Post
Topic
Board Economics
Re: You cannot eat your cake and have it
by
Magkirap
on 13/12/2018, 04:27:04 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.
The big mistake of people who invest in bitcoin is they invest all their saving in this kind of investment which is totally risky. Aside from their mistake they will suffered too much once they lose all their money because the market is very unstable you can't assure if you will gain income or not. Just think wisely before you start to invest in bitcoin or in any kind of cryptocurrency.