Don't invest more than you can afford to lose?

QueenVera

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Quote from: sherenikaw on September 04, 2021, 07:17:49 PM

but for me it is indeed important where we must be able to minimize losses so that we also get profits and return on investment.

You just said it all but many people are forgetting to realize that when they increased their capital above their limit, they risk losing it all to market volatility but when the capital is of a limited amount they can always fall back to their reserved and use it for trading instead of been totally emptied.

In cryptocurrency you do not put all your eggs in one basket as that basket can be broken or stolen and if that is to be what happened, that means you will not have another money and that would lead to depression.

Joshapat

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Quote from: herizal85 on September 04, 2021, 12:40:59 AM

Yes I agree because investing takes time and depends on investing in the long or short term, and it is very wrong to spend all our funds to invest and if the prediction is wrong then we will lose all the assets we have. Therefore, invest according to ability and knowledge the knowledge we have.

Investment is a second or third source of income, never rely on income from investment because it will damage our lives, especially crypto investments which are very risky so putting all money in crypto is a mistake, it is better to put money in several types of investments such as stocks, property or others .

gamer4156

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I for one need to contribute as indicated by what we have and don't utilize capital that can meddle with our economy. The primary concern is that we must have the option to isolate those that must be ventures or day by day need. I additionally suggest never utilizing your fundamental cash as a venture, since it is better for you to put away with cash that you really put away for speculation, so you won't ever freeze sell when the cost go down or when you need cash .

Viscore

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Quote from: CaptainCrapper on September 04, 2021, 02:58:09 AM

Quote from: luca prieto on August 27, 2021, 06:17:22 AM

Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?

Yes, maximum people think the currency market is like a sheer market so hare is lost and profit both for all investors and traders so before invest or trade any token and coin at first we have to setup our mind for we have to afford the loss. Cuse future is always uncertain.

Not just in crypto but even in real life, all investments should always have its limits of funds and as much as we can, start a minimal amount so that if things don't go out as planned, you will never be left empty pocket. Most particularly in crypto wherein high volatility is always observed. So if you plan to invest, have some amount which you can only afford to lose and not those come from emergency funds.

I personally invest with my own spare money and yes, losses always hit me. And maybe its a reality that there might be more losses than profits particularly if you are still a newbie but atleast we will learn to overcome this as experience will always help us to do better in what we used to do.

sherenikaw

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Personally I agree with that because we can reach out and of course be more careful. but again that everyone has their own perception of investment. there are those who dare to challenge the situation and there are also those who only play in the safe zone, it all depends on each individual. but for me it is indeed important where we must be able to minimize losses so that we also get profits and return on investment.

CaptainCrapper

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Quote from: luca prieto on August 27, 2021, 06:17:22 AM

Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?

Yes, maximum people think the currency market is like a sheer market so hare is lost and profit both for all investors and traders so before invest or trade any token and coin at first we have to setup our mind for we have to afford the loss. Cuse future is always uncertain.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: luca prieto on August 27, 2021, 06:17:22 AM

Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?

It is not about agreeing to a statement, but a necessity for any trader willing to take part in speculative assets. I would go on saying that only invest what you can afford to lose.

When you are taking a risk, you have to assume the worst and thank your lucky stars if you make a profit. That discipline is important and it is lacking among many traders. Specially when the money that you get from your day job is being put into investing one must make sure they are dividing the income properly and not over spending on any of the possible expenditure routes.

The reason why many traders end up frustrated after trading is that they assumed profits when in reality they may have incurred losses. So if the mindset was different they may still be able to tide over the bad times and continue. These statements have not been made by some book - they come from experience of older traders.

herizal85

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Yes I agree because investing takes time and depends on investing in the long or short term, and it is very wrong to spend all our funds to invest and if the prediction is wrong then we will lose all the assets we have. Therefore, invest according to ability and knowledge the knowledge we have.

arditiyan

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Quote from: thesosorr on August 27, 2021, 07:16:32 AM

The greater the risk, the greater the profit that will be obtained. Doing investment activities must of course be with the ability and never invest beyond the ability because it will experience a big disaster. Must be able to control and not lose control.

I agree with your statement, I add a statement if the actual investment is not from how much money we have, but investment is more directed at how we process money well with any capital to make a profit. Too pushy to invest more than what we have is not good and it is high risk.

Melignya

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I think this is a reasonable phrase, investments depend on the courage and riskiness of the person, well, and his financial situation of course, read an article recently which talks about the five things that crypto-lovers have learned from the business world when investing in cryptocurrencies.https://blockster.com/blockdesk/1349_5-things-we-ve-learned-from-the-business-world-about-crypto-investing

lightning0

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Quote from: Sithara007 on September 02, 2021, 11:38:47 PM

Quote from: lightning0 on September 02, 2021, 10:40:44 PM

A large amount of investment or loan investment is very risky. When the market changes and the price drops, you must bear greater risks and economic losses.

I would say that taking out a loan is the worst idea to get started with an investment in cryptocurrency, especially for altcoins (no matter how much confident the user is). But all that said, I know at least two guys, who took out a loan to invest in cryptocurrency (many years ago) and made huge profits out of their investment. But it is entirely another topic if someone want to take a similar step at current levels. The risk factor has gone up by manytimes, and I would definitely disapprove of taking loans to invest in cryptocurrency at this point.

Some investors may have studied and studied the projects to be invested and market trends and have their own investment plans and strategies. They will have great confidence in loan investment and profit.
But now many investors will choose to invest blindly, they will have a relatively large risk when investing in loans and have to bear relatively serious economic losses. Therefore, loan investment is a very risky choice.

Sithara007

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Quote from: lightning0 on September 02, 2021, 10:40:44 PM

A large amount of investment or loan investment is very risky. When the market changes and the price drops, you must bear greater risks and economic losses.

I would say that taking out a loan is the worst idea to get started with an investment in cryptocurrency, especially for altcoins (no matter how much confident the user is). But all that said, I know at least two guys, who took out a loan to invest in cryptocurrency (many years ago) and made huge profits out of their investment. But it is entirely another topic if someone want to take a similar step at current levels. The risk factor has gone up by manytimes, and I would definitely disapprove of taking loans to invest in cryptocurrency at this point.

lightning0

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The purpose of investment is to obtain more income and higher profits in the end.
Any investment has risks. Invest in the right amount of funds within the scope of funds that you really can afford, choose wisely to invest in cryptocurrency projects, and develop appropriate investment strategies.
A large amount of investment or loan investment is very risky. When the market changes and the price drops, you must bear greater risks and economic losses.

Al Qiyamah

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The first thing to consider when you want to invest anywhere is the profit and loss later. if you're lucky, just enjoy it, but if you lose, the bankruptcy experienced can make us feel hopeless and other negative effects. especially if the investment capital used is the result of a bank loan. so use the initial investment capital according to our abilities.

kurniawan05

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KUWA.ai

I m agree, Don't use the money you get from a loan, don't use your personal savings that can affect your future, don't use your salary money that you use to meet your needs. Use idle money, if the money is lost you are not too bothered by the money.

adzino

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Quote from: luca prieto on August 27, 2021, 06:17:22 AM

Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?

This is very much true and I fully agree to this statement. This is not only true for crypto currencies, but for all kind of investments. You shouldn't be risking money that you might be needing in the future. Just because you have some savings, doesn't mean you can use all your savings for investment. What if you lose your job and your investments aren't doing well? How will you be able to pay your bills? Before investing, always ask yourself if its worth risking or not.

TWW

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Quote from: wajik-tempe on September 02, 2021, 09:30:46 AM

We totally cannot compare investing with gambling because it's 100% different, we could are 100% loss our money if we do gambling even we are paying the money that we could afford to lose but it still completely different from investing.
If we hold our assets in loss condition there is a chance to come back if we are investing, but it will never happen in gambling, so investing is a spot trade.

sometimes people misunderstand the notion of trading or investing and gambling.
in trading and investing really requires good calculation and analysis. whatever the capital we must master it.
but gambling, I'm sure it's 100% a game of luck. while trading and investing have risk management that we can handle as you mean.

wajik-tempe

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Quote from: ?? on ??

Quote from: luca prieto on August 27, 2021, 06:17:22 AM

Some people said that 'Don't invest more than you can afford to lose.'
Do you agree?

That is a golden rule and I am 1005 agreed with that golden saying, it applies to investing and gambling and everything that involves gambling if you follow this rule you are safe from losing a lot and it will not cause you sleepless nights, in fact, this is the first rule that you have to learn once you invest in any market.

We totally cannot compare investing with gambling because it's 100% different, we could are 100% loss our money if we do gambling even we are paying the money that we could afford to lose but it still completely different from investing.
If we hold our assets in loss condition there is a chance to come back if we are investing, but it will never happen in gambling, so investing is a spot trade.

dimonstration

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Dimon69

Quote from: Maslate on September 02, 2021, 08:10:58 AM

That really it needs for us to understand that investing is risky, the market went up and low cause for some losses. Thus, if we are putting all our money through investing, it is possible that we might lose them all. It is certainly hurting, unlike the feeling where we already think that this might happen anytime and willing to accept it.

Greediness had to push some people to invest more than they can afford to lose. This is a thing we need to fight and keep in mind the level of risk in investing and must be taken seriously.

Everyone who enters crypto should know it. It does not mean that the market will go always high or that profit is always there. There is still time that the market or coin we choose will not give us profit so always ensure that we have our money for emergencies and daily needs. I will just consider it a paper loss when the market is a dump and wait then sells it low provided the coin is really good.

ali1177

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Yes I am absolutely agree with them because I personally lose much money which I took from my friend but I learnt one lesson never invest what you can't afford to lose and as well as never take money for investing.

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