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How? Invest the Capital that you are Afford to lose

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Written by   41
1 month ago

Still we can somewhat see the bloody highway of cryptocurrencies. We can still see the the visible fear and pain of those people who lose their capital. But in some reasons their are people who already cope up and see this phase as a life changing opportunity. Im one of those people.

The first time I learned about cryptocurrencies is its volatility. The unpredictable prices of cryptocurrency in the market will challenge your trading skills and patience. But how can you cope up in bear market? Theirs a lot of articles published online and we can watch some financial advisors giving their advices online. But those things are just a pushing button for you to stay awake, the one that can truly help you is you, yourself.

If you have a strong heart and mind, see this opportunity as a way for a greater change. Bear market is painful, its true. But if you properly handle yourself and know the different things in trading its worth to take a risk.

How do I invest during this time? Where did I get that courage to take a risk?

Honestly speaking, the money that I invested is not from my own wallet but in the fruit of my hardwork online. Let say it some sort of part time or time killers where you can earn some amount of money.

I earned a total of $250+ in this application, but half of it I already spend it, I decided to buy BCH when its price falls in $200, I only bought $25 that time. Then when BCH continue to fall down, of course its hard for me that time but that's how cryptocurrencies works you should accept that. When BCH reach the price of $110, I bought a BCH again, worth of $30. Im still holding and keep believing on it. Though I bought BCH in Coins.ph Im not still convinced because their fees is a bit high as I can observed.

For that amount, Im not worried about that. If you have a low budget and you don't want to use your money in your own wallet. Try to find a way on how to buy your favorite crypto because this time is the perfect time to do that. Maybe your thinking the great risk, but you need to remember risk is a part of trading. We have the saying "No pain, No Gain."

Now, what Im looking forward is to know what wallet is thes best to use where I can directly link my local E-wallet for easy transactions. So, did you invest? Or you will just let this phase slide? Think about it? If you invest today don't think that you will have an instant profit, you need to wait of course. In trading, if you have a great patience you'll surely win the race.

How come that I don't use my own money in my wallet?

One of the reason why I don't use my own money to invest is that, I already resigned in my work because of low salary I thought that for three years of stay in the institution it will increase but Im wrong. Imagine as a teacher you will be paid $180 per month its really small especially Im living here in the city I paid for my apartment, internet bill, electric bill, water bill and many more. That's why I decided to resigned and find a new job who can give me a reasonable salary. That's the reason why I don't use my own money, Im in low budget right now.

Using my profit online to buy some Bitcoin Cash is not stressing for me since its not from my own wallet. Last last week when the downtrend in cryptocurrencies starts and red numbers are everywhere, so many negative news arises in social media, you know what I do? I just read it and make it as my past time, Im not really bother at all. Its ok, even my savings here, I already earned a total of $45+ here and that $45 becomes $28, still its ok. I don't mind.

I know bear market is really bothersome, however bear market is also a big opportunity for those people who are willing to take a risk. You know what's the famous quote of those people who risk during bear market?

"Bull market makes you money, Bear market can make you rich."

That's the spirit.

Did you like this short sharing? I glad that you like it.

Disclaimer: The lead image I used is from Canva

CoinBitShac _2022

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Written by   41
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Comments

I know of a friend that hate using binance and I asked him why? He said Binance is too complicated with many features and I laugh. Binance is very simple once you under the basic features. I recommend binance

$ 0.00
1 month ago

You can Binance. Binance has a lower transaction fees specially when selling, you can use your coinsph, gcash and paymaya to buy and sell crypto currency. By the way indeed your right, we have to take some risk for us to be able succeed in the world of crypto.

$ 0.00
1 month ago

You know what I hate to Binance? Its hard to understand its features, nagsend ako ng ibang earned tokens ko sa ibang website using binance wallet, pero diko nareceive, trinatry ko pang i consult kay ate joy yong friend ko na crypto enthusiasts, pero di pa nag rereply. Kaya ayaw ko don komplikado masyado parang ex ko.

$ 0.00
1 month ago

For bear and bull we should have skills of investment. Because any blind decision can make our pocket totally empty.

$ 0.01
1 month ago

I agree to you my dear friend. We really need to be wise in making decisions. We should try to smartly and don't be rash in making decisions just because you watch some negative news.

$ 0.00
1 month ago

Bear and bullish Is the part of crypto I also heard lots of negative news but the believe in cryptocurrency force me to ignore it.

$ 0.01
1 month ago

FUD is visible right now in the eyes of crypto traders but we need to be patient and make a wise decisions to avoid regrets.

$ 0.00
1 month ago

This is why they always say that only invest the amount you afford to lose. As for me, maybe I failed on some of my investments but it is okay and I learned a lot from it :) Now, I am into holding my BCH and accumulating more.

$ 0.01
1 month ago

Im saving more BCH by converting my other online income into BCH. That's the best calculation for me.

$ 0.00
1 month ago