Everyone says crypto Is high risk is it really true? My guess is less because a lot of people have had success with this crypto.
Some are investing and some are making a lot of money by trading. So why can't you?
This life entirely requires risk before being successful.
Not only does crypto have risk, but any business has a limited amount of risk involved. There are some businesses that do not take as much risk as other businesses, and the same thing applies to cryptocurrency investments. If you look at some people who invested without knowing where they had invested, these are the ones who took much more risk when compared to someone who knew where they had invested.
And again, the type of coins we buy sometimes also determines the degree of risk we take on such investments. If we buy bitcoin, our minds are always calm, and the risk is not as great as when compared to buying other coins that are not trustworthy, and the risk of losing money in such coins is higher than that of bitcoin.
However If you look at any business as far as you are investing, there must be risk, but when we have knowledge and control over how we can manage such investments and control the risk, I don’t think we will have problems in our businesses, and that is what is stopping some people from making money from crypto investments today; they are not ready to have control over their emotions so that they will be able to invest in crypto currency.
Very interesting feedback. Yes. Of course, it is true that every investment does not escape the name of risk. well, in this case what we need to reduce is how to minimize it so that this potential does not have a big effect on our future investment performance.
Exactly, mate, taking any precautions to make us get our business stable, even with the risk that is involved, is the best thing to do because leaving it like that, we are going to keep losing money day by day, which will ruin our business and may also affect our future. But when we take the risk and take the necessary precautions, you can see that we will be successful in the business we run, and with time, we will even get used to it.
However, losing money in business is normal, in my opinion. When we look at some businesses, we buy something at a high price, but when we take it to the store, you will see that these things get cheap and won’t rise at that time. What we do is sell them and at least get some funds back so that it won’t damage all the money we used to buy those goods.