this word is very motivating for me, where in investing not only able but we must be able to lose
because the investment will not always be straight, there must be a gap we will lose and experience the loss of the assets we have.
crypto = gambling in my opinion where Some people want to invest more and earn more, but only have minimal capital and are often misled by others but in crypto we must be brave and try so that we know what will happen to make money, If it fails, it may require psychological doctor if you invest a large amount
Topic: "Only invest an amount you can afford to lose" - page 5. (Read 1328 times)
Let's be honest: how many people apply this rule?
Note: this is not to encourage anyone
since I know bitcoin, I've always been selling my stuff in the real world to buy bitcoin, I've sold my cell, I've sold my video card, I've sold my entire computer, I've sold a lot (I really miss) to buy bitcoin and I don't regret these choices
well, it takes a lot of courage. most people nowadays are really looking for money in their life. the point is that not everyone wants to take big risks. maybe quite a lot of people who don't care about these rules and have become rich, but vice versa. Well, that's because they can take a big risk.Note: this is not to encourage anyone
since I know bitcoin, I've always been selling my stuff in the real world to buy bitcoin, I've sold my cell, I've sold my video card, I've sold my entire computer, I've sold a lot (I really miss) to buy bitcoin and I don't regret these choices
personally, I follow this rule. however, I still still love crypto, it's just that everyone has their own way of growing and investing in the business world, especially crypto. but it might be good for you.
I always start my preaching about the probability of bitcoins price to increase and to decrease in unexpected ways such as the volatility and some hacking event that will lead the price to decrease just like what happened in 2018 where a Japanese exchange got hacked and the price of BTC has suddenly decrease because of that, to free myself from any blame from the people I invited to invest with the money that they spent on the leisure of their senseless hobbies. I only invited a few people and some of them are still doing good until now on trading and some other crypto-related stuff to avoid some kind of misunderstanding when the crypto market is not doing well.
Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary.
Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.
Investing in Bitcoin still remains very risky business for anyone to do. Yes we do know that the government are now printing a lot of Fiat, but that doesn’t really change anything at all. So, if you are investing in Bitcoin you still have to be very careful and take calculated risks. So far you can see that the price has dropped, we’re not yet sure that we are going to be seeing an increase before the year runs out.Don't get me wrong, we should still be heavily educating people when it comes to proper investing in general with DCA-ing and probably not going all-in on one go and stuff, but I think bitcoin is a lot less risky of an investment now compared to the past few years despite it still being volatile.
Though we have seen a lot of predictions coming from analysts who believe that the price would go on before the month of December runs out, or maybe early January. The last time we had a major bull market, which was the last time that Bitcoin was halved before now, we also saw the price increase around December , so I believe that is why a lot of people are saying this now. But, I’m always positive.
Let's be honest: how many people apply this rule?
Note: this is not to encourage anyone
since I know bitcoin, I've always been selling my stuff in the real world to buy bitcoin, I've sold my cell, I've sold my video card, I've sold my entire computer, I've sold a lot (I really miss) to buy bitcoin and I don't regret these choices
Note: this is not to encourage anyone
since I know bitcoin, I've always been selling my stuff in the real world to buy bitcoin, I've sold my cell, I've sold my video card, I've sold my entire computer, I've sold a lot (I really miss) to buy bitcoin and I don't regret these choices
Well, the quoted thread above "Only invest an amount that you can afford to lose" is already an old but timely and constant reminder to every trader and investor, but I am also wondering how many people, how many investors, and traders are actually applying this rule because in my own experience sometimes I neglect this rule. But let's always practice proper analyzing on how we were going to allot our money before it will dissipate and not going to regret the thing that has been lost or happened.
Let's be honest: how many people apply this rule?
Note: this is not to encourage anyone
since I know bitcoin, I've always been selling my stuff in the real world to buy bitcoin, I've sold my cell, I've sold my video card, I've sold my entire computer, I've sold a lot (I really miss) to buy bitcoin and I don't regret these choices
Note: this is not to encourage anyone
since I know bitcoin, I've always been selling my stuff in the real world to buy bitcoin, I've sold my cell, I've sold my video card, I've sold my entire computer, I've sold a lot (I really miss) to buy bitcoin and I don't regret these choices
I have coins I have locked up in my hardware wallet, let it be there from now till 5years.
That's a good strategy. However, the key to HODL is knowing when to SODL.
Since you never know what the market will do, my strategy is never to HODL everything. I'm holding a portion of my investment and selling another portion, when the price is right, so I can hedge my investment. It reduces the risk of losing everything.
Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary
I'm now in that situation. Currently dealing with the risky investment. The amount I put is not the money I can't afford to lose that's why as much as possible, I'm keeping my hands active at it. Putting only an amount I can afford to lose does mean that I'm willing to lose that amount. I don't like that investment mindset as it's just treating my investment as gambling which should not. Every piece of money I put on crypto should be treated seriously.
Only invest what you can afford to lose is most generally use for newbies whom you are just bringing to the market and for people on social media when giving a general advise but the OGs now understand this market that bitcoin is bigger than what it seems now regardless of price correction. I have coins I have locked up in my hardware wallet, let it be there from now till 5years.
Not just newbies, this could apply even to people like Warren Buffett, it's just a matter of scale that we never think that they're going to lose any money. It's still a pretty solid advice in my opinion, it's not like it doesn't lead people to harm's way.
Only invest what you can afford to lose is most generally use for newbies whom you are just bringing to the market and for people on social media when giving a general advise but the OGs now understand this market that bitcoin is bigger than what it seems now regardless of price correction. I have coins I have locked up in my hardware wallet, let it be there from now till 5years.
Probably one of the most common advice I've heard when it comes to investing in bitcoin; and I've used it a lot of times too. But honestly, in our current situation where fiat is getting printed like hell, I started to use that statement less and less. It just seems that holding bitcoin is now totally necessary
I'm now in that situation. Currently dealing with the risky investment. The amount I put is not the money I can't afford to lose that's why as much as possible, I'm keeping my hands active at it. Putting only an amount I can afford to lose does mean that I'm willing to lose that amount. I don't like that investment mindset as it's just treating my investment as gambling which should not. Every piece of money I put on crypto should be treated seriously.
That's the problem with most of us 'greed'. Most of us see Crypto as a get rich quick scheme. They want to make it within the shortest time possible, hence they invest all they have and end up getting there fingers burnt.
The ultimate rule still remains, 'invest what you can afford to lose' because trust me, the market is highly volatile, it can swing sideways.
The ultimate rule still remains, 'invest what you can afford to lose' because trust me, the market is highly volatile, it can swing sideways.
You are right, although bitcoin always fluctuates but in the end bitcoin always increases in price from year to year, so when investing in bitcoin it will not be as risky as investing in altcoins. I think "Only invest what you can afford to lose" is more appropriate when it comes to altcoin investing and trading.
@Leea1334 Yes, The risk is in all types of investments and one should invest only the amount he can afford to lose. In the case of crypto there are many people who have not yet accepted crypto as a trading asset. And maybe because of this lack of acceptance they find crypto more risky.
More or less all investments are risky , no investment is risk free but we should learn to manage this risk to make our investment profitable. Risk management is very important tool in finance which we learn by experience and through training programs. Investment in crypto assets is comparatively more risky in the short term but in the long term it is highly profitable if you invest in Top 10 crypto currencies including Bitcoin and history of Bitcoin has proved this fact again and again.
Invest in amount you can afford to lose is one of the quality of a good trader . This is what every beginner must adapt as a trader, this will help beginners in managing there loses.
It wouldn't make any sense if one is trading with what can't be afford to lose is as if the person is using all the sources of income to trade which is not good.
It wouldn't make any sense if one is trading with what can't be afford to lose is as if the person is using all the sources of income to trade which is not good.
It has been a word that I keep on hearing and reading ever since I started investment but to be honest,
Those words are too hard to follow as we humans are too greedy and expect that we would accumulated more profit by risking bigger amount.
And there are times that I am thankful that I ignored those words but I know that it wouldn't always be like it and we have to know when and where to ignore it,
Because not every investment would work out.
Those words are too hard to follow as we humans are too greedy and expect that we would accumulated more profit by risking bigger amount.
And there are times that I am thankful that I ignored those words but I know that it wouldn't always be like it and we have to know when and where to ignore it,
Because not every investment would work out.
When we are talking about bitcoin then we must always keep it in mind that it's price, it's prediction related to price, it's dumps are always unpredictable. No one can say anything about it.
If one is having in mind to double it's assets in a single night then it's not possible even thinking so is really unrealistic because nothing happens overnight. It needs struggle of nights to do it .
So invest in cryptocurrency an amount which you can handle to lose if you are planning to invest all of your money in it then after loss you will be having nothing and even you would not be able to bear it.
If one is having in mind to double it's assets in a single night then it's not possible even thinking so is really unrealistic because nothing happens overnight. It needs struggle of nights to do it .
So invest in cryptocurrency an amount which you can handle to lose if you are planning to invest all of your money in it then after loss you will be having nothing and even you would not be able to bear it.
Bitcoin is now a stable cryptocurrency. If it loses its position and its price goes down then it has the ability to restore its position after some waiting. So short time investment or long time investment is not much risky these days as there was the uncertain condition before in the beginning. But regarding business principles, it is better
that you should not invest all of your savings or all of your money at a time but save something for other necessities of life.
Since when is Bitcoin a stable cryptocurrency? It never was, and it'll never be. It's been extremely volatile in the past year, reaching multiple all-time high records within 12 months, and then going through correction shortly after. I get your point that you probably mean that Bitcoin is a relatively safe coin to invest, and so do I believe. Dips do not panic me and I am not really bothered about price fluctuations. that you should not invest all of your savings or all of your money at a time but save something for other necessities of life.
Bitcoin is now a stable cryptocurrency. If it loses its position and its price goes down then it has the ability to restore its position after some waiting. So short time investment or long time investment is not much risky these days as there was the uncertain condition before in the beginning. But regarding business principles, it is better
that you should not invest all of your savings or all of your money at a time but save something for other necessities of life.
That isn't true, I don't think it's as yet enough for anyone to call Bitcoin a stable crypto, it is still very much volatile, and the price can plunge very quickly, the only good thing about all of that is Bitcoin is a long term project, thus even if it plunges now, it'll still rise back up again after some time. But that doesn't take away its risk concerns, but there are a lot of ways to control it, that's the reason why as a matter of necessity one has to garner enough knowledge and do a thorough research about the network, even when you're about to invest, you need to know about the history/price movements so you do not panic unnecessarily, I'm in support of people investing as much as they want to, so long as they are knowledgeable about the network, and are still very wise to keep some funds left for the day to day handling of basic needs. that you should not invest all of your savings or all of your money at a time but save something for other necessities of life.
Agree, this is exactly what should be taken seriously when investing in crypto. However, human greed always goes beyond thinking or feeling. Some people still don't understand this and why they always lose because they spend most of their money just for lottery purposes and it's always "when moon" Lol
The time requirement is too high to achieve is to receive Rekt. They always ignore being educated by everyone, some of whom are emotionally invested and willing to spend everything in pursuit of a value that is in fact an unsustainable hype.
The time requirement is too high to achieve is to receive Rekt. They always ignore being educated by everyone, some of whom are emotionally invested and willing to spend everything in pursuit of a value that is in fact an unsustainable hype.
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