Post
Topic
Board Bitcoin Discussion
Re: "Only invest an amount you can afford to lose"
by
taufik123
on 15/12/2021, 16:05:01 UTC
Investment is like gambling.
Some people want to invest more and earn more, but in many cases, the consequences of this idea are beyond people's affordability. When many people invest a small amount of money, they are always misled by others "be brave and try boldly." If they make money, they will be very happy and they will invest more and more. If it fails, it may require great psychological and financial affordability.
When the investment does not produce and the price is getting crushed, then they do not understand the correct investment mechanism. They only care about quick profits without knowing the process to do. Investment takes time. Investment growth will be seen in months or years. This type of long-term investment will be better if you use free money. Getting into investment also requires financial management, so when the price drops, you still have a backcup to buy at a lower price.