Post
Topic
Board Bitcoin Discussion
Re: Microstrategy Acquires 14,620 Bitcoin, Don't get carried away.
by
Mia Chloe
on 28/12/2023, 07:55:20 UTC
Why don't we do the same. As respective crypto ethusiast, continuous accumulation is also required, no matter the amount.
What do you think?
Well it doesn't work like that.
The clause;  "invest what you can afford to lose" has a very vital impact in the actions investors take , especially those in the crypto space. We know Bitcoin can be trusted to a very high extent giving its performance over the years. However as an investor we should never ignore the fact that it is still a crypto currency. Therefore "invest what you can afford to lose" acts more like a fail safe , or backup plan for investors in the crypto space.

Investing more than you can afford to lose sometimes comes with a whole lot of profit in the end but it is also accompanied by great risks.

Don't forget to keep your keys safe