This thread i considered it as a motivational thread for any beginner for cryptocurrency trading, because op is right enough, i reason go back when for investment, what of you invest all the money you have and finally you lose all, the next thing that is close to the person that time is death, the way am seeing it, somebody suppose to invest and reserve
Everyone know this that they should only invest that money which they can afford to lose but in practiice only few people follow this practice.
People want to invest more money because they think that if they invest more they could make more profits. They forget the probability of the loss which can happen too.
Only investing the amount you can afford to lose is the best word for any investment including bitcoin and other cryptocurrencies.
but sometimes people don't do that and it's very clear that they don't have the knowledge or learn how to invest properly and how to avoid risk.
and all they think about is making big profits and sacrificing the money they need to invest without thinking about the losses that will occur.
That is mostly the initial mindset of people who only came to crypto for a quick rich purpose hoping once they put up a bigger amount, it will give them huge returns instantly. But crypto is not like that. You need to take the risk but make sure you know how to manage the risk. Invest only on an amount you can afford to lose as there is no assurance if you will win or lose in the next phase. And if you can't bear making losses in crypto, then you are not meant to stay in crypto for long.