Post
Topic
Board Bitcoin Discussion
Re: "Only invest an amount you can afford to lose"
by
Rufsilf
on 04/01/2022, 17:40:26 UTC
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.

That right there my friend is PURE GREED, because why would someone invest all the money he/she have just because of the shiny term called profits. Folks let's not forget that every investment we make is also a gamble we take because it's not guaranteed that it will go exactly how we envisioned it as every investment has its risks, and if there's no risk then it's not business after all.
While the advice "ONLY INVEST ON WHAT YOU CAN AFFORD TO LOSE" may seem so common but in todays world, that advice alone isn't enough as the OP said that money is printed like a toilet papers already so I recommend to invest as much as possible but don't exceed to your limitations and be knowledgeable enough to avoid losses along the road.