That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.
Absolutely agree. It is dangerous to use all you have for every kind of trading. Not only in cryptocurrency.
It's like doing a skydive without a guarantee that your parachute is working. So my answer also is NO. If that dollar is all you have then be careful when the market crashes. Your life might crash as well.
It is not wise to invest all your saving on any I investment no matter how lucrative or promising such investment might look at the beginning. There are inherent risk in any investment and you have to determine the risk and be willing to accept how much of the risk you want to take.
yes, we still need that money to continue our life so we can buy something like buy food or anything else. and if we decide to invest all of our savings, then maybe we need to think about this and maybe we can only use 50% from the totals of our investing and I think the amount is big too for making the investment. we need to think about how our daily life if we use all of our savings and I think we don't want to get a problem with using our savings in cryptocurrencies.
It's the life that's on the line here. Right now the platform that the crypto is standing is not as solid as you might think. On the other day your government might issue a crypto ban all over your country, or the SHA-256 might be cracked by accident. This is a jackpot when you are thinking about the possibilities and adoption, but that is to assume that everything will go well.
