Quote from: Lakai01 on Today at 08:23:11 AM

Quote from: Egii Nna on Today at 07:40:51 AM

The reason I said this is because many people tend to invest in crypto currencies and have no other source of income. If they fully depend on their crypto investments, they will end up using everything that they have already invested, and they will be the ones to end up losing.

The biggest problem is that you can't sit out losses in a situation like this because you are dependent on the money.
You only need to look at the Bitcoin market. For example, if you invested 60k in BTC at the end of the last bull run, you now have a (very large) loss for 2 years. If you are dependent on the money during this time, you will have to sell the BTCs again at a significant loss.

However, if you invest money that you don't actually need, you can skip the 2 years and wait until the prices improve again ... and even if you start with 60k, you are currently making a positive exit.

Patience and time is everything ...

Thats the main difference into those people who have invested into the amount on which they can afford to lose and into those people who do make investment in crypto with their life savings. You would really be able to have that such difference on which we know that this isnt something that recommended because we do know that crypto investment is something which is really that unpredictable or something that you could really be able to know on where it would be heading. On the moment that you do see that your investment is really that negative for so long then you would really be that might be having that cutting loss on the moment that you cant take it anymore or your patience is really that out of your limit. This is why on the time or moment that you do invest on crypto then make it sure that you are investing on the amount on which you can afford to lose.

Never ever make yourself being that too confident about making profits with this unpredictable space because on the moment that you do find yourself on such condition then
cutting losses would really be that likely and this is something that what makes it even more worst.