Quote from: leea-1334 on December 15, 2021, 12:03:21 PM

Quote from: ipanks on December 15, 2021, 04:20:51 AM

I always suggest "Only invest an amount you can afford to lose" for those who want to join in crypto investment because the risk of losing the money value will always be there and I do not think people are ready with that. People must know about this before deciding to use their money to invest in crypto. Without knowing about the price fluctuation, they can panic when they see the price jump down drastically. But unfortunately, people join in the investment because of the trend and not because they search for more info that the investment can help them make a profit.

It is not something unique to crypto though,,, the adage is something applied to every single investment and in fact if you read every contract that you sign with an investment (traditional like bonds or stocks) there is even the same line of advice there.

People think this risk is only in crypto but it is in EVERY investment,,, never forget this and recall it whenever you see someone claim to guarantee profits.

I agree with you. But most people forget about that because they have greediness, especially if they see they can make a big profit from crypto, which is happening to many people. If they can remember that the risk will always be there in any investment and be careful when they put their money in the investment, they will not break that and will enjoy their profit while controlling their greediness. So the adage will always work in any investment and we need to calculate the money you will be using for the investment.