"Only invest what you can afford to lose" this line has made a great impact on me when i first started in cryptocurrency. I remember hearing about Bitcoin way back 2015 and out of curiousity did some research about it. I've read multiple stories about success and failures of various people who tried to engage in crypto and this one line hits me so hard because on the few cases of success stories blinded the world that i read, tens or hundreds of stories about people declaring bankruptcy, losing all their savings and investment, and worst stories of suicide since they cannot cope with losing all their assets, are being forgotten or just being paid attention to. It is good to invest in crypto, specially now that we have BCH, but see to it that the money you that you are investing now is something that you can manage to lose, since the only thing constant in crypto is its volatility. We will never know when the market will go up or go down, sure we can try to predict its movemeng but still thats only a prediction and not the actual future. So once again always bear in mind, "Only nvest money that you can afford to lose." #BitcoinCash
Log in to join in Reading is open to everyone. Replying needs an account.
1 comment
Fine words, if we don't know the consequences of what we do then we should quit it. We should not invest without knowing anything.