invest with money you can afford to lose and manage Risk well with less you can afford to lose which is the supposed right words to use in the financial market?
Yes, that's right.
And a better approach is, to invest only in those assets that you know and don't do random investments that has becoming a trend during the bull run.
Even if you've got no idea about the asset you'll be investing and crypto to be specific, you'll still invest. That's a wrong approach and it's proven to make more people broke with that market strategy.