You cannot eat your cake and have it - page 10.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I see this as a lack of financial education, people love when there is high volatility in the market that benefits them, we saw this during the bull market, people were very happy with all the profits that they were getting in a relatively short amount of time, but when things go in the other direction and we saw a bear market people began to complain very loudly about the volatility, when it was the volatility that gave them profits in the first place.

vagsun

full member

Activity: 334

Merit: 100

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Yes its absolutely right that invest only upto that extent which you can afford to loose. Crypto is highly volatile and can change the financial position of a person in few hours. Crypto can make you rich in a very short time and on the other aspect it may make you poor. So don't take such type of poor decisions like selling your property for investing in crypto. This is a very wrong approach , it can even ruin you.

Mhd-Bobbi

member

Activity: 434

Merit: 13

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I think it's a very bad idea if they borrow money from someone else.

making this investment is not like playing games, if they borrow money just to pursue investment it is not allowed. If the investment they make is unsuccessful, it will definitely add to their own problems, how they will cover their debt to those who lend money.

My advice, if they do not have the capital to invest, they cannot invest if they only borrow money.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

Quote from: shulio on September 27, 2018, 07:59:15 AM

Well, in the bull market, I suggest everyone around me to maximize their investment by borrowing or by taking loan from bank. But it is not a good time to invest in crypto currency now. If you invest now with borrowed money, you will lose more than money. The time will come.

This is a dangerous advice. You shouldn't suggest anyone to invest in anything using borrowed money. That's just against investing 101. No matter what the trend is, invest only with spare money.

Talking about the time, I think the opposite is the better one. Investing during a bull run is pump chasing and it puts yourself in a risk of buying at the top. You don't know whether the bull market will continue. Meanwhile, buying during the bear market is buying "cheap" coins. By ladder buying during the bear trend, you will get significantly lower average buying price, likely close to the bottom, and that translate to huge profit once the market is turning to bullish.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Only a fool would go beyond his means to invest in something that he knows doesn't guarantee big profit. You only have to use logic,which will tell you that it's not worth risking your future for something you're not sure of.

KorakPawon

member

Activity: 350

Merit: 11

I strongly agree with that. By owe some money just to invest in crypto give you double risks. invest in crypto isn't gambling, you should be ready and patience cause ups-downs happen on it. Don't push yourself to something you can't afford, I guess so.

CrazeCoinz

member

Activity: 364

Merit: 10

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

well that's true...people will take all the risk if they think they can get huge amount of profits without knowledge about this technology. Investing in cryptocurrency has high risk and it's not advisable to invest all you have. It's unpredictable market and manipulated by those big players that owns huge amount of crypto.

ronics

member

Activity: 350

Merit: 10

youre right, most people are thingking that a cryptocurrency you get money is just as much as they say, because these friends tell everyone that he is a rich man because he gets bigger cryptocurrency, we know that we sometimes have greed for nature, and I can not do it there, but we still need to be diligent and smart to choose the right path.

pumbum

full member

Activity: 434

Merit: 100

comparison with cake I think is appropriate. unless you're in the market, you think you already know where he's going, and when already in the market do not know what to do in case of a fall

gambitcoin53

member

Activity: 378

Merit: 25

that is the saddest truth, maybe most of the newbies are eager to earn now and think later, actually we cannot blame them, the things is, they have already knew the risk but still they jumped in out of desperation i think, sometimes lack of info and just a hint of instinct, many have said that never invest borrowed money or their whole savings hoping to earn double, they knew it but they are willing to gamble, they say life is a gamble, so they never think twice.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: shulio on September 27, 2018, 07:59:15 AM

Well, in the bull market, I suggest everyone around me to maximize their investment by borrowing or by taking loan from bank. But it is not a good time to invest in crypto currency now. If you invest now with borrowed money, you will lose more than money. The time will come.

I partly agree with this, but only those experienced traders and early adapters will know when will the bull market begin and potentially end. The market we have right now seems to have become more unpredictable, since we have not felt the presence of the bull in the market yet this year. Mediocre investors might have a doubt on when will be the perfect time to buy and to sell.
If there will be another bull run this 4th quarter, just like what happened last year, then I dont mind borrowing money to maximize my investment as well.

STT

legendary

Activity: 4004

Merit: 1428

☠ ☠ ☠ メメ

Quote

the mistake of investing

The mistake I always saw repeated was bad labelled speculation, which is not investing. People confuse the term quite easily to assure themselves its not as risky. Investments give a steady revenue of some kind, it has been possible at times to do this in Crypto such as royalty shares on exchange revenue. Or a deposit giving interest is an investment but just hoping a price goes up on a business that wont exist for 2 years but the hope is people back it till then, thats speculation or quite easily known as gambling.

Most investment is quite sound, you will know it best when it appears quite boring. Investment can be risky, all the projects I mentioned above can fail, the royalty share became worthless as the whole backing gave way. But generally investment is long term where as the people who borrow to 'invest' should have been reversing that within weeks or days. Day trading might be ok for some but its definitely high risk. Anyhow I do see this confusion continue, the market hands out lessons at high cost unfortunately

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: ucingucingan on September 27, 2018, 06:37:41 PM

One of the important things you should know about investing is to be ready to experience loss, that's the worst risk you have to experience when you invest in a commodity, there is no business that has no risk at all and the risk is proportional to the benefits we will get if we can manage opportunities and risks well

Exactly.Expect some risks for you to take if you really want a good returns from your investment.But never invest too much from your own income,it might cause you more struggles in life if you lose all your capital so invest only what you can afford to lose.And in crypto investment,everything is possible.So prepare for a huge profit or the vice versa,a great loss.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I wouldn't borrow money to risk it on something that is already a high risk investment. It's not a good idea even when someone promised returns are higher than the interest on the loan. I have a friend who used up all his available balance in his credit card (Citibank) to buy Bitcoins and then buy altcoins. He didn't earn too much in buying and holding Bitcoins. He earned from altcoin because it was introduced in a multi level marketing fashion that promised 8% to 10% profits every month. He earned from it but his downlines didn't. His downlines followed his strategy to borrow from credit card.

ucingucingan

member

Activity: 322

Merit: 10

One of the important things you should know about investing is to be ready to experience loss, that's the worst risk you have to experience when you invest in a commodity, there is no business that has no risk at all and the risk is proportional to the benefits we will get if we can manage opportunities and risks well

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: farosa on September 27, 2018, 04:25:02 PM

In my opinion, many traders have lost a lot of money until this statement is created. There is nothing wrong, in the volatile market your deposit should be as much as you can risk and never get the money you deposit from the bank as a loan.

This has been talked about ever since that don’t invest the money you can’t afford to lose and yet people are still greedy to earn. Well, some people says that experience is the best teacher so i think its better for them to experience that and I hope they will learn from it.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Some people thinks that crypto is an easy money scheme so no such thing as researching first before putting in some money. Good example is the so-called 2017 hype wherein there are really lots of newcomers joined the crypto revolution thinking their $100 will become $10,000 without doing nothing but hold. And what happened after? They regret because they don't understand the risks they faced here. Some even called crypto as sh*t and sc*m meaning they really didn't have an idea what is going on.

But honestly, for some people, it's alright to me that they feel that experienced so next time they will do research into something that involves money. Good lesson indeed.

reflector

sr. member

Activity: 826

Merit: 263

Crypto is volatile platform so it makes huge profit or huge loss at anytime. So we should clearly plan our direction then only it makes good earning. But most of the investors are thinking 3x profit is achieved in short period and reality one or two months is impossible in crypto platform because no one say when it will going to moon. It is one of experience so many peoples are take a perfect risk in this platform.

Sama517

jr. member

Activity: 196

Merit: 1

Quote from: dabenko on September 27, 2018, 07:51:42 AM

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I think people are now more aware of these cryptocurrency risk now than before. It is not really common anymore to see people throwing all they have into investing in cryptocurrency.

visionE2

full member

Activity: 616

Merit: 118

I agree with you, many people just see that crypto has a great opportunity to get high profits without seeing how big the risk is

Topic: You cannot eat your cake and have it - page 10. (Read 1614 times)