You can still lose your money even if you know how to keep your crypto wallet from bad actors, this is the first reason why you need to use spare money to invest in crypto only, importantly for a new beginner, there will always be some mistakes to make along the way before you get used to things in crypto space.
Another reason why you need to use spare money is because you will be able to hold your coins even if they are losing value, since you wont be needing the money any time soon, those who can't hold their coins comfortably use money they aren't ready to lose to buy coins which is a lame move.
Topic: Why you should use spare money to invest - page 15. (Read 1833 times)
Investing is one of the risky activities, as you know, Investing in Cryptocurrency is not as easy as one might imagine, sometimes the expected results are not in line with expectations. You never get anything just by being silent, risks can shape your mentality to do new things. The main purpose of investing is only to get profit, but the risk is the same as the profit you get.
Learn from explorers who have sailed the vast seas, they dare to take risks just to find new places. They will be amazed when they see a place they have only seen in their dreams. This is just a small example of investing, without taking risks you will never feel how sweet it is to reap profits.
Learn from explorers who have sailed the vast seas, they dare to take risks just to find new places. They will be amazed when they see a place they have only seen in their dreams. This is just a small example of investing, without taking risks you will never feel how sweet it is to reap profits.
Considering the current price your investment in bitcoin should be yielding 50% and not 10%.
Choosing the investment option is all about belief. Your friend believes more in real estate and it's his choice.
Also, if he would have already invested in bitcoin and then chosen real estate even then it's not a bad choice because that way he is diversifying his portfolio.
Diversification is a good thing too.
Now that he has an apartment to rent he can get that rent and invest in bitcoin periodically.
That way he would be able to DCA his bitcoin investment and gain further more profits while owning an apartment.
But then it's his choice and I have to respect that anytime any day, as long as it comes to investment it is better for the individual to calculate and take the risk on their own instead of forcing and convincing anyone onto an investment moot, especially in a high-risk investment like Bitcoin.
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So the bottom line is, invest what you can afford to lose in Bitcoin and other investments because the risk associated with investment is not only limited to Bitcoin alone but all other assets and investments.Let me tell you a real-life story, I have a friend from whom I received the same amount as payment for our overtime travel work sometime last year 2022, and when we wanted to invest the money, he optioned into real estate because he feel it more secure and profitable than bitcoin, but I used my whole allowance and travel payment to buy more bitcoin.
At that time, the Bitcoin price was around 17k, but now, while my friend in real estate is waiting for tenants to rent his apartments, my own Bitcoin investment is already yielding of about 10 percent.
Considering the current price your investment in bitcoin should be yielding 50% and not 10%.
Choosing the investment option is all about belief. Your friend believes more in real estate and it's his choice.
Also, if he would have already invested in bitcoin and then chosen real estate even then it's not a bad choice because that way he is diversifying his portfolio.
Diversification is a good thing too.
Now that he has an apartment to rent he can get that rent and invest in bitcoin periodically.
That way he would be able to DCA his bitcoin investment and gain further more profits while owning an apartment.
Many people are in a difficult financial situation and are desperately looking for a way out.
When they read in the media about big profits from cryptocurrencies, they often become euphoric and risk high stakes in the hope that it will help them financially.
Such investments usually end disastrously. To invest in anything, shares, Forex, crypto... you need to prepare very well, study a lot, analyze and make a clear investment plan based on detailed market analysis. It should be seen as a real job and not as a hobby.
In accordance with your financial capabilities, you should make a concrete investment plan and have a clear exit strategy. Everything else is not serious and a simple waste of time and money.
Of course, you should always be aware that crypto is a high-risk investment and only invest money you can afford to lose.
When they read in the media about big profits from cryptocurrencies, they often become euphoric and risk high stakes in the hope that it will help them financially.
Such investments usually end disastrously. To invest in anything, shares, Forex, crypto... you need to prepare very well, study a lot, analyze and make a clear investment plan based on detailed market analysis. It should be seen as a real job and not as a hobby.
In accordance with your financial capabilities, you should make a concrete investment plan and have a clear exit strategy. Everything else is not serious and a simple waste of time and money.
Of course, you should always be aware that crypto is a high-risk investment and only invest money you can afford to lose.
There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
Who wants to lose investments right? Even in business, it's still a risk that's why they they make policies to avoid losing profits. It's also same with Bitcoin and other type of investment. Mostly, people study and make their research before investing since they wouldn't want to lose. Is better to use small money or learn risk management first before investing especially newbies.
It's already been said and advice a lot of time, that it's better to invest your extra money and if you can afford to lose it. Don't use your money that you loaned, or something that is reserved for some important use. It will be hard to move on from those losses if you really need that money.
The basic rule is you must invest what you are willing to loose in this market because it's too volatile and you can loose all the investment in one go if the market conditions goes opposite to you.Some people take more risk and invest their savings into it which they can't afford to loose and becomes depressed after loss.We have seen lot of people facing this problem which is why it's advisable in the starting only that investment should be made on risk but what you afford to loose.
There are two things that can make someone to lose all their investments in one go, it's either you invest all your money in a scam project or you failed to diversify your money in different projects, meaning you put all your eggs in one basket. Even if someone bought Bitcoin at 69,000$ because they lack the knowledge about crypto, they haven't lost their money until they sell their Bitcoin, buying at 69k is not good but getting the double of the money back when Bitcoin hit 150k is possible, all they need to do is hold their Bitcoin.
Do not invest the money you aren't ready to see go down in time, because it will happen even if you are buying the dips in this bear market, there will be time where your portfolio will lose 1000$ in value and it's fine only if you are here for the long term.
Is better to use small money or learn risk management first before investing especially newbies.
Is this your final result? By investing a small amount of money, you will always get a small profit. Don't forget about that too.
For a beginner who does not understand all the risks that can be associated with investments, it is better to stay away altogether. Do not rush; find out more about where and how much you can invest. Learn how to take care not to lose your investment, including all possible risks and ways to store it; be sure that you have other income that will not leave you and your family without funds; and only then make decisions.
If you think that today you will invest a small amount and tomorrow you will double it, in the end, you will lose everything.
There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
Is not all about using spare money to invest as we think that it was not hurt when it lose but it is all about how prepared we are to start that particular investment. Even if it was only spare money, it also comes our hard work but we dare to invest and take risk hoping that it grow more and bring us wealth. So why we should keep thinking it was okay to lose this money when we have ways to avoid it and work harder? It is all about the mindset that we have. We must know how to value every penny that we have that is why we don't think about it was just spare money but I rather be thinking it was our hard-earned money. Is better to use small money or learn risk management first before investing especially newbies.
Preparation matters a lot, it is not about using spare money to invest. If one is not prepared to face risk, volatility of the market, the small money being used for the investment can still make one feel bad if the investment ends up not to be good. Preparation is everything when it comes to investment , without preparation investing with what you can afford to lose may not even be productive. Learning to get understanding is the first step for preparation.
The basic rule is you must invest what you are willing to loose in this market because it's too volatile and you can loose all the investment in one go if the market conditions goes opposite to you.Some people take more risk and invest their savings into it which they can't afford to loose and becomes depressed after loss.We have seen lot of people facing this problem which is why it's advisable in the starting only that investment should be made on risk but what you afford to loose.
We have had lot of investment advises across the community but one thing I should let newbies knows about bitcoin is that " they should have this feeling that is very volatile to lose whatever they have invested". Whenever they have this mentality they know is normal for them to lose money so when venturing into the investment they will know what's involved before putting whatever amount they wishes to invest with, and is riskier than any other investment they have ever thought of.
So for those who focuses more on the profits aspect may not utilized the opportunities for short periods, it's better not to be in a hurry to invest with a higher amount rather Minor money that will not bug their hearts.
So for those who focuses more on the profits aspect may not utilized the opportunities for short periods, it's better not to be in a hurry to invest with a higher amount rather Minor money that will not bug their hearts.
Nothing to see here besides just a slightly rephrased version of one of the most common bitcoin "investment advice" that has been frequently echoed through various communities since like, forever.
There is no need to risk even small money as a newbie, for experience it is better to use a demo trading account. Once you are confident in making profitable trades, then you can use your spare money.
The demo only helps you to understand some trading features, it will not help you make the same profits when you enter a live account.Investing and trading is a risky activity, so if you are too paranoid about the risks that exist then please do not trade or invest. To become a successful investor and trader to earn returns, you must consider the risks even if you have to start with a small budget. Do research, learn more and gain experience.
Is better to use small money or learn risk management first before investing especially newbies.
If it's for the newbies, it's always best to test the water first and that's through small money that they can dedicate in investing. Especially on this market which is highly volatile, they just can't drop thousands on an instant without knowing what they're facing.That's why many newbies are facing problems and complaining of their misfortunes because they have no awareness of what they're about to get into with this market. And it sums up that they're not prepared so the risk that they've taken isn't anticipated by them.
Start little and from that, gradually grow and add knowing that you understand the risk that you're about to take.
Don't invest what you can't afford to lose. This has always been the advice. However, there is also a subjective side to this. That which you can't afford to lose doesn't actually have a definite amount or percentage, so it depends on one person to another. While one can only afford to lose only 5% of his/her total wealth, another could afford to lose 50%.
And this is where other factor comes in. How well do you understand your investment? How convinced are you of your investment of choice? How risky is it? How risk-tolerant are you?
And this is where other factor comes in. How well do you understand your investment? How convinced are you of your investment of choice? How risky is it? How risk-tolerant are you?
There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
This is a must, when you are investing, this is due to the price volatility, for you not to sell other assets that is valuable in the future one of my issue's before is having to sell other coins, if there is another opportunity, this is also what experience traders do, the advantage of this is you will have a bigger chance to have a good profit and a room add good coins in your portfolio.Is better to use small money or learn risk management first before investing especially newbies.
Always have an emergency funds is the way to go.
Investing in crypto can be attractive to some people because it has the potential for high returns over a short period of time, but when the risk management and the ability to provide financial need for other things that are important come into the subject the only way is investing spare money in crypto.
Because we need to prepare the probabilty tht may haooen during the investment. Investent must be included well manegemnt of fund and risk. So, whatever the things we are investing, managing funds is very important to make and ensure us to set the right investment and amount. So, although we still have the risks, we can at least lower the risks and be reasy for all the risks that may happen to us.
Sparing money to invest can help us to diversify the fubd and the risks, so, at least we still have others that may help us to cover the loss.
Sparing money to invest can help us to diversify the fubd and the risks, so, at least we still have others that may help us to cover the loss.
There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
Investing on an amount you can afford to lose is one way on managing the risk when taking investments. Because the fact that there is no assurance if you will make profits out from your investment, then it’s a wise move to just invest using your spare money, so that if your investment fails and lose your capital, you will not struggle with how you’ll manage your remaining finances and you will easily recover the funds that you have lost. That way, you will be motivated to be more knowledgeable and gain experience first before you start putting good amount to invest. Is better to use small money or learn risk management first before investing especially newbies.
There is no normal being that loves getting losses on business, career, investment and trades that's why even company holders make financial policies to keep record of investment and profits flows. And unlike other business bitcoin also makes sales and losses if you do not investment wisely....is nice when you put in what can not put you sickbed or gives you hypertension, don't invest out of what you cannot withstand the loss.
Is better to use small money or learn risk management first before investing especially newbies.
Is not all about using spare money to invest as we think that it was not hurt when it lose but it is all about how prepared we are to start that particular investment. Even if it was only spare money, it also comes our hard work but we dare to invest and take risk hoping that it grow more and bring us wealth. So why we should keep thinking it was okay to lose this money when we have ways to avoid it and work harder? It is all about the mindset that we have. We must know how to value every penny that we have that is why we don't think about it was just spare money but I rather be thinking it was our hard-earned money. Is better to use small money or learn risk management first before investing especially newbies.
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