Invest only what you can afford to lose still - page 2.

GeorgeJohn

hero member

Activity: 1666

Merit: 723

Enjoy 500% bonus + 70 FS

Quote from: Stanlo on October 25, 2021, 06:07:24 AM

so invest only what you can afford to lose

I agreed with this concept of investment idealogy, it's very obvious that many people doesn't scrutinized or examine a coin very well, even watch a platform very well before adventuring into investment system, and that really caused a deep wound when market disappoints, during investment, we have to consider two factors, which involves positivity and negativity during the time of investment, so the positivity aspect of it is narrowing to the chances of been successful with any amount invest.

So therefore, negativity is also facing the area of getting lost at all coursed, so it of benefit to invest with a reserved finance as op stipulated above so that when the damages or lose occur during the investment time, an investor can be enable or as well condole and forget about it. And a newbie have to understand this concept, putting all your money for one investment, is like someone conveying twelve (12) creates of eggs with one basket.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Piggymonster on October 26, 2021, 02:12:58 AM

I have read this several times in this forum the golden investment rule to invest only what you can afford to lose. It is to protect your assets from risk and volatility and also your heart from breaking because of regrets. ..

Perhaps this way your assets in real life will remain protected, but they are unlikely to be able to protect your psyche from loss. After all, if you came to the market with $1000, and then were able to increase it to 100 thousand, after which you lost the entire deposit, then you will not be sad about the lost thousand dollars, but about the lost 100 thousand.

Piggymonster

member

Activity: 294

Merit: 34

I have read this several times in this forum the golden investment rule to invest only what you can afford to lose. It is to protect your assets from risk and volatility and also your heart from breaking because of regrets. Kidding aside, always know that cryptos, even those coins that offers utility are still highly volatile asset. Also, be updated with the latest cryptocurrency and bitcoin news, it can help a lot for decision making on investment.

witcher_sense

legendary

Activity: 2464

Merit: 4415

🔐BitcoinMessage.Tools🔑

Quote from: Stanlo on October 25, 2021, 06:07:24 AM

Utilities isn't the end, if you are smart then you should know that it's just the beginning, just because many are advicing you to invest in coins with good utilities doesn't mean once you find one it's a home, remember that even after a good utility the success of the project still depends on the team and dev capabilities so invest only what you can afford to lose

If the success of a project wholly depends on developers writing code for that project, then it is safe to assume the decisions they make define its future. It also follows that they have full control of the coin they are working on, which means the coin is technically centralized like any other organization in the current financial system. Like any other financial organization, the coin we are talking about is subject to regulation by the government. Decisions made by the government will inevitably affect the decisions of the controllers of the project, which in turn will affect the future of the project. No matter what utility the said project may have, it won't succeed without the permission of the government. Perhaps, a project won't be successful even if the permission for it to exist was given because there are other permissionless options that most people will tend to choose instead of regulated ones. They will prefer unregulated options not because they want so but because they haven't even been given a choice.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Stanlo on October 25, 2021, 06:07:24 AM

the success of the project still depends on the team and dev capabilities

I disagree. What you are describing is the pumpability not success.
If the project has no utility but a good dev capable of wasting millions into that shitcoin and has enough pumping experience they can easily pump their shitcoin to a high price. We already have the top altcoins for examples.
But they never guarantee success. Which is why all of these types of altcoins get dumped eventually. Again like the top altcoins that have been dumping for the past 4 years.

Otherwise if the coin is actually useful and has some innovation, even if it doesn't get pumped, it will have a successful future in the long run which makes it an excellent investment (others are short term trading options not investments).
Sadly we haven't had such a coin after creation of bitcoin.

Luffygroove

member

Activity: 966

Merit: 25

Ton Together | Save Smart & Win Big

I agreed the team and dev capabilities take a big part in a project's success but IMHO, the success of the project depends on many aspects. In the community, for example, I saw many great devs so active in developing but unfortunately, the communities are lazy or probably because it just consists of airdroppers and AMA participants? I don't know. They face difficulty to gain new investors and hype the project. I think it needs both of the devs and the community's efforts to bring success to the project. In conclusion, I do agree with your statement that we should invest only what we can afford to lose

Stanlo

full member

Activity: 952

Merit: 110

Utilities isn't the end, if you are smart then you should know that it's just the beginning, just because many are advicing you to invest in coins with good utilities doesn't mean once you find one it's a home, remember that even after a good utility the success of the project still depends on the team and dev capabilities so invest only what you can afford to lose

Topic: Invest only what you can afford to lose still - page 2. (Read 273 times)