Post
Topic
Board Bitcoin Discussion
Re: Don't advice anyone to invest on Bitcoin if he doesn't have Alt. income
by
lalabotax
on 29/05/2024, 21:25:56 UTC
My cousin who in time i asked to investment on bitcoin but has always had excuses that he'll invest later, sometimes he tells me that he's afraid to invest his money on the bitcoin due to the potential losses.
He had aslo told me that he's contented with his monthly salaries at then but now he has fall back to me that he's ready to invest because he has lost his job and it's becoming tough for him to meet up with his financial requirements.
One of the things that is quite risky and important to prepare is indeed related to the maturity of preparation before birth. Because if you are not really ready, then there will be certain fears or worries that befall someone. And we don't need to rush them to quickly invest in Bitcoin if they are still unsure and not ready. because that will actually make the risk much higher.

Investment is not just about investing money and taking profits. But also emotional management is also what makes a person ready or not for various existing conditions, both mental and financial readiness.

And in my opinion, it's normal if you're not ready to invest in Bitcoin because you feel your financial condition is still unstable and you can't set aside it yet. Instead of forcing yourself, it will actually be at a higher risk. So, just think about it first, make sure whoever is really ready with everything, so that they don't worry or panic easily when making decisions.