Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling
I am sure this is what other investors here do
Not exactly for everyone. You can see that the biggest advantage of the rich is that they can make more mistakes than ordinary people; no matter what they do wrong, they can still use money to make up for it in time. Unlike normal people, if you just make a little mistake, where will next month's rent come from when all the money has been invested?
Therefore, future risks cannot be foreseen. Although the probability of it happening is only 1%, when it happens, it will destroy your life 100%. If your resistance is strong enough, you can overcome that storm, and if not, the consequences will be like the mess after the cataclysm.
Indeed, the wealthy do have a safety net, dont they? They pay for their mistakes. Basic. What about the typical Joe? If you make a mistake, your finances could be in jeopardy. Everything in life - rent, bills, and necessities - hangs dangerously. What if we think of this as a gambling game played strategically? Yes, life may be unpredictable. Therefore, rather of being alarmed by the 1% chance of catastrophe, why not take a chance?
The bottom line is to educate oneself. Not only the wealthy should be financially literate. Setting up a budget, saving money, and even investing occasionally are all necessary. And keep in mind that even a tiny wager can result in significant gains when it comes to risks. Thus, be cautious, learn from your mistakes, and maintain interest in the game. I mean, isnt life the biggest gamble of all? I mean, why not make it entertaining?