Bitcoin Forum

Some people said that 'Don't invest more than you can afford to lose.' 
Do you agree?

Yes, absolutely. Investments are always risky even when you buying something well-known. How can you live if your money that you've spended you need to pay the rent or anything else?

Thats a gold rule, especialy if you are already not so young

Don't invest more than you can afford to lose because if the unexpected happens you will find it easier to get back on your feet, many walked away from crypto because they risk what they can't afford to lose, they end up losing everything and they decided to name crypto 'scam'.

people's abilities are very different, if I personally want to invest according to what we have and don't use capital that can interfere with our economy
The main thing is that we have to be able to separate those that have to be investments or daily needs..

100% right. I saw some post in Elon mask tweet that
""we sold house now we will sell our kidney""
This all happen because they invested more than they afford. May be they got loan from someone.
Cryptocurrency can make you rich but choosing Right coin at right time and holding Is compulsory.

yep, that's a good suggestion actually than investing too much wherein despite you are afraid what will be the results after all, for me unless if you knew that you will become successful in the future with the investment you pick, probably there's no problem with it. But if not then you should invest what amount you can affor to lose to prevent regrets.

If you failed to follow this you are going to end up losing everything, cryptocurrency market is highly volatile you never know when you wake up the condition of the market, you could lose everything, newbies should take this at heart, there's a lot of temptation to pour always dig deep in every project that comes along, not all that glitters are gold, and there are so many projects here that's full of deception. hype and fomo.

I totally agree that I do not want to invest in what I can afford to lose.  Why would I invest there beyond my means.  So all I can say is that if I can't recover from the loss at a later date, the extra investment is foolish.

This simple but important financial advise still stands till date. Unfortunately, people take it for granted due to greed or lack of proper understanding of the investment in question. Yes, I totally agree to this financial advise and I urge investors especially newbie to check well before investing. Not all that glitters is gold.

That's a rule #1. I don't understand why you even asking this.

Why should we agree? The reason is:
1. Invest for anything, we can become victims of scams, bankruptcies and so on. When that happens, our money is gone.
2. Investments in stocks and crypto, have price fluctuations, if the stock or crypto that we choose can't rise to the highest price, we lose money.
3. Money is one of the necessities for life, losing big money affects a person's mentality, especially if the money to be used for emergency needs.

these are just a few examples, there are many other reasons we can find and why we should use really free money, and we can keep smile even if we lose that money, no matter how much it is. There are many cases of people committing suicide because they use their savings, for necessities, even more so because they sell their houses or borrow from the bank because of investments, that not free money.

Yes! absolutely and that was the golden rule in cryptocurrency investment, It's a high-risk type of investment, And also it behaves differently that's why it was more like a gamble compared to other kinds of investments like stocks and many others. "Invest only that you can afford to lose" is a must-follow rule especially for the noobs to avoid being caught by surprise. But most of the time people are not following that rule instead they make their own rule that was resulting in a massive loss.    

Yes. Golden rule. Are you going to invest money that is not even yours? Like loans? That will be difficult to accept if ever something wrong happens.
Imagine still paying up the loan with interest while the invested money is nowhere to be found due to rug pull. That hurts a lot.
I suggest saving money first, one that is different from the real savings for your future and your family. Use that. Like your spare whenever you forgot your Starbucks in the morning or you didn't do one habit that is supposed to spend money. That's a good first step.

The fact that you will have to lose most of your investments, maybe even everything, then this is almost 100% guaranteed unless of course, you are an experienced investor, but a beginner. Therefore, it is worthwhile to minimize your losses in advance and calmly study this difficult business. You have to pay for everything.

Of course i agree with that statement and i highly doubt that only some people say that i would imagine that every sane person would act according to this statement not only in crypto but with investments in general. I think though that especially in the cryptospace you should only invest money that you not only can afford to lose but that you can afford to lose without having any impact on your daily life. Crypto is so volatile and so full of scams and hacks that it is not that unlikely, especially for someone that is completely new to crypto, that all of your funds are lost because the project you invested in made a rugpull or you shared your private keys or the exchange where you had your coins got hacked.

yes bro it is right I also think the same I said my friends and who ask me I said that if you have extra money then you can make the investment because investment is very dangerous crypto can make you rich and also crypto can make you poor so please if you have extra money then you can make investment otherwise you should get avoid

Of course! First of all, it is important to your mental health as if you invest the last money, you will be much more nervous with every drawdown. Secondly, this way you can’t afford time to work on yourself. As when you invest “money to burn”, you can leave them for 5 or 10 years and then take your profit. One more tricky thing is credits, please, don’t take loans for investment, you may not pay off then.

We all know that investing is storing capital for the long term in certain assets with the hope that in the future it will provide greater benefits. When you use costs beyond your means or force a loan to invest, it is highly discouraged, because investing with what you can afford is better off even if it's small.

The lessons we can learn from investing are learning to be patient, learning to save, learning to set aside some money for future needs, learning not to be extravagant at a young age, then learning to recognize the type or choice of assets that can really provide benefits. At least in your view can guarantee a brighter future. And in the future, you will reap the fruits of what you have sown for a long time.

credit or loans, that's too risky. If you plan to invest better to use spare money, it's more easy to let go if you are using
capital that you are capable of forgetting while you are inside this market.
Unlike with your savings or money that allocated to other things, you'll keep fearing to lose it up and with some artificial
movement you'll be move and lead you to lose your money.

- Let me explain why a lot of people don't follow that rule because facing the enemy that knocks us down and bleeds, we are only more blind to our attacks, too little will not be able to fill the bloodlust that has arisen from our instincts, once fell into a rage, it can only be called an opponent forced to die and we will live or vice versa. But sober up, we are misplacing their role, this market is a companion and a partnership, one of their fingers is enough to press us deep underground, amateurs should not challenge the champion

This is my 1st principal that I will invest only extra which I do not have to look or stressed about if I end up losing in the worst come scenario. This just gives me cushion as well if market falls I can hold it as not depended on that money because that is extra and can be hold for a longer term if required.

Yes, I fully agree. Because this crypto market is totally risky. No one knows what will happen in the next hour. Any bad news can impact highly on BTC which will affect other altcoins so it is necessary to don't invest more than that you can afford to lose.

Of course, I have even implemented it. because I know that investing in any coin has its own risks, especially the price of a coin which is very volatile or can change at any time. on the other hand i invest more than i can afford to lose, i use some of that money which is generated from the bounty.

100% agree, because every investment must have a risk and of course investing in cryptocurrency has a big risk, so you have to be prepared with the risk (ready to lose your money when the project you invest fails), therefore I never recommend to my friends to invest all their money in cryptocurrency, because the risk of losing money can occur, therefore it is better to invest with money that are ready to lose, so you won't be stressed when the price of coin that you invest dump or the project fails.

Of course, that's actually the most important rule of investing, you simply can't just throw all your money into one coin cause investment is risky and its not certain that you may get a profitable return, few reasons why you should have a diversified portfolio, don't put all your eggs in one basket to avoid becoming broke when the coin eventually dump, the crypto market is very volatile and risky that's why you shouldn't just buy up a coin with all your money.

What is there to agree with this, you can only invest what you can afford and there are some who takes the extreme step to invest everything in Bitcoin and when you had this idea a few years back then you would have made a fortune. I have not heard about anyone taking risk to invest in any alts but only in Bitcoin you can afford to take some risk and if you invested when the market was down, then you could reap your benefit.

Yes.

It is the first rule of thumb that every investor has to remember. You invest in this volatile market with the amount you can afford to lose. Because you'll never know the altcoin that you've invested will start to dump.

And you're totally invested on it, you're about to lose 50%-90% of your money so that should be acceptable to you.

101%.

This had been the golden rule on this crypto market since the risk is pretty high compared to traditional investments which it is just right that you should really know on how to risk handling
because most newbies do expect that earning money on this place is easy without realizing or knowing the real deal until they do experience losses then thats the only time they do really learn.
Invest on the amount that you could afford to lose and dont invest an loaned money or been borrowed. Dont use your life savings because if you do then its suicide. Crypto
market doesnt guaranteed profits and you should put it up to your mind.

This is the basic if e are going to invest.
I absolutely agree with this.
If we are forcing ourselves to invest as much as possible without considering the risks and the loss that we can really afford, there will be regrets later.
We will not know what will happen in the future. We even don't know exactly whether we will always win and take profits or not. But, risking ourselves very highly over what we can afford is not a wise idea. That is why I do agree with this.

This is like a law of investment in cryptocurrencies, this is a market that is not regulated, funny enough any Tom, Dick and Harry can clone a coin and make it to look real and credible invariably launch an ICO or IEO etc in a bid to attract investors whereas it is a scam, of course investing with what you can afford to lose wouldn't have much impact even if the project turned scam, however investing  a big chunk of your funds in those type of project will be absolutely disastrous and might lead to bankruptcy, always invest wisely in cryptocurrencies related projects to avoid any eventuality.

You should always mind of about the risk and any investment does have corresponding risk and dont mind off about that you cant lose money here and knowing that cryptocurrency market is way too volatile
then you should prepare yourself on more riskier due to movement of price in wider percentage.Invest on the amount you could only afford to lose and risk more if you do see some opportunity to make profit
but this is situational or does depend on the possible opportunities that you do really see and this is on self jurisdiction so you should really be that mindful.

Yes I'm Agree with that quotation that is best for newbie in investing specially in crypto currency. Many people get mess with some other investment they will putting theyre all money in one investment without knowing what will happen in last. Newbie in Investing is just like this is your first time to plant a crop if you dont have knowledge with it theres a possibility that your crop will not grow and it will die just like by investing if you put all of your money to the wrong investment without knowledge of what you are doing it will totally go to trash thats why thats quotation is best to all investors by not losing too much money and get lost at the end.

Invest not with money for daily necessities or borrowed money. Because investing is not a short time if you want to get maximum profit. So you won't feel depressed or in a hurry to make a profit. Because basically in investing it, we have to be patient.
 

 
 
 

Of course. Who wants to risk themselves by investing more than what they can afford?
Ah I see, many. moreover the newcomers in the crypto world. The profits that are offered may be very intriguing and very promising. So, some people may decide to get loans and use them for investment. It is fortunate when they can really get the profits. but unfortunately, there are many people who exactly lose their money because of greediness, because they cannot manage their funds and they use more than what they can afford.

Yes, 100%. I read a text on Blockster yesterday about 5 things to know about crypto investing. Check it out if you're interestedhttps://blockster.com/blockdesk/1349_5-things-we-ve-learned-from-the-business-world-about-crypto-investingg

Agree mate, just invest exact investment you can afford to lose for you avoid more damage in your funds. Most of all consider also your capability and level of expertise. If you have that than your more comfortable with your fund to gain  but if you have lesser experience and you invest too much than probably more lossing to your fund will happen and affect your life eventually.

This is absolute. And don't borrow money to invest.
Some people like to invest all their money. Others like stable investment. The risk is small and the investment amount is small.
Our advice to everyone is: Investment is risky, do the right thing in your own field.

High risk high reward some people will say, if you don't take a bold step you can not make it big, and on the other hand, it is advice to invest what we can afford to lose, very good advice but if you are looking to make it big, you may have to come out of your comfort zone, all investment involves risk reason why it is important we understand this risk and be prepared for whatever the outcome, to me, I would take a chance with a trusting project but not in the sense of investing my life savings - not at all, only invest more than usual so that the end result will be satisfactory.

Yes, I agree with that because if you invest too big money and you can not accept or be ready with the loss that can happen to you anytime, you will regret and maybe be disappointed with your decision.
You need to calculate or know how much money you will use to invest in crypto so if something worst happens, you do not get a big loss.
In the investment, you should know what you invest by searching for much information so you do not pick a wrong investment and you can not make a profit.
You should use the money that you will not regret if you lose.

For me, there is no such amount that it would not be a pity to lose, because in order to earn this money, it was necessary to make efforts and they could be spent for the benefit of the family. Of course, we are not talking about minimum investments here, since such amounts cannot be considered as an investment.

I totally agree with this. Until I remembered the time bitcoin was booming in our country. There is a trader who, I think, is forcing the capital he has by going into debt and even mortgaging his house just for the sake of investing that is beyond his ability. Because he thinks invest rich overnight. In the end he was found dead by hanging himself. Because he had experienced a failure in trading. . So I think adjust your abilities so that we are comfortable in trading or investing.

Yes of course, there is risk in trading, but the rule is  do not invest more than what you think you can afford to loose so that even if the market is red, one can take heart and focus but if what you invest is more than what you can afford to loose then there will be a serious problem that might lead to sudden emotions.

First and foremost, it is critical for your mental health, as investing the last money would make you considerably more concerned with each drawdown. Second, you won't have time to work on yourself this way. You can leave your "money to burn" investments for 5 or 10 years and then take your profit. Another thorny issue is credit; please do not take out loans for investment purposes because you may not be able to repay them.

Yes its 100% right, but you can managed the risk level, mean if you plan to invest $10000 in Crypto, just invest $2000 only, and check that you playing on right way,
I means profit or loss,  if you confident then you invest more and more, don't be Greedy, because when you are Greedy you lost all your money and then  say Crypto is scam.
Cryptocurrency is our financial future and bitcoin is the master of the all coins. "Don't invest more, Ff you are not confident"

I like and agree with that statement, because many people think that investing in cryptocurrencies can definitely make him rich, but he never thought that the risks were too big, so many people ignore the risks of investing in cryptocurrencies and invest all their money in cryptocurrencies, then when there is a correction in the market, so what he does is panic sell and make the money he invests not increase but even decrease and of course it will make him stressed, therefore I agree with the statement 'Don't invest more than you can afford to lose.', so he knows that investing in cryptocurrencies can make his money lose (the risk is big).

Yes it's always adviced to invest what you can afford to loose because nothing is certain, in the crypto market anything can happen, invest what you can afford to loose is a simple saying telling us to manage risk in crypto, don't be more concerned of the profit because you can also loose as well. Lately I came to find out that investing with all you got can make you be so emotional after investing or while trading because you did trade like your life depends in the trade and this could actually lead to failure.

Yes 100% agree, definitely follow that rule first and foremost, I learned that rule the hard way when I was eager and greedier before, well. The key there my friend
is Patience..

Many people do not understand how crypto works, so some are very brave to risk everything to invest in crypto. Even though investing in assets that
have very high risks such as cryptocurrencies, we should invest what we can afford to loose. That way if the market moves not according to
our expectations, we will not panic and can be more patient waiting for our target to be achieved. My advice is not to be too obsessed with big profits,
so that using capital that is beyond our capabilities, this will only make us stressed. And the impact is very big if it comes to a loss, we will lose
everything and such a situation will be difficult to recover.

Today's investments are experiencing a lot of decline so that it makes investors prefer to buy and sell them quickly. Surely they think the price will go up quickly and certainly affect the increase until the decline is interesting if people know more about their investment, they will definitely make something that will generate the plan is strong enough there has been a big enough problem if you experience big losses then it's better to invest in moderation.

I definitely agree since cryptocurrency business is not a small thing when it comes to investments, you would risk certain decisions and that's why we should not put all of the trust in one investment, so that we can't lose much more than we can afford. And i think if we plan to invest, not 100 percent all of our stuff put together, we should move in several ways and have a back up plan.

Of course There is investment rule that you should always keep in mind that never invest money that you can't afford to lose and this very logical and correct advise. No one want to be in a situation where you are losing. 🙏

What do you mean by investing in coins that have low risk can you name one of them, is it possible to have coins with such criteria other than Stable Coin? then where is the investment value that shows great profits. As long as the coin has a large risk, there is also a so-called big profit. I only advise not to divide the portfolio in useless coin counts, or even with temporary coin prospects. So if you want to be safe, then Bitcoin provides it all for the future.

Yes i absolutely agree with you that's the rule of the market you may be investing in the recommendation of someone if you get loss on recommendation of someone then these case is more painfull so try to do your research learn about the market and then invest but don't invest your full money in one coin instead try to spliting your coin and try to buy in the part which is really useful

I believe that investment is a difficult area, it is better to delegate asset management to professionals. According to statistics, more than 90%
investors lose money on the stock exchange, forex and cryptocurrencies. It is very difficult for a private investor without the help of managers
start earning. This is how the market works.

Would you rather leave it all to manage than acquire your own management? just because you are not qualified and don't want to learn to trade as if you easily leave it to others?
I didn't even think about doing that, because no matter what we earn from investing or trading it is clear that we are learning little by little. If a slacker only relies on a third party, then how does the third party take all your money? who is to blame?

Don't just because investment can be an alternative to asset management, you don't think how do you know the profit report? halve?

yes, this is absolutely correct, my brother also shared with me about this investment, if i have a large amount of capital, i should invest in real estate. The remaining 80% 20% invest in cryptocurrencies, because he told me investing in cryptocurrencies is a huge risk and he doesn't want me to risk too much with this investment.

That has always been the slogan. Invest only what you can afford to loss. Because anything can happen when you are busy waiting for profit.
So investing what you can afford to loss is the best way

For me, yes, you are correct. Invest more but with more risk as well. If you can afford to loss some amount then go on, trade at your own risk but the momemt that you dine a giod job and do the right moves and decision, I guess there are chancea of earning.

This has always be the golden rules of cryptocurrencies investment, we have to account for the risk and volatility involved in these markets which can land you into problems if say you took out a loan in trying to catch a quick bullish move but it doesn't go has planned. We have to be prudent and treat the investment has something we don't mind losing.

Asset managers?? Thought these guys aren't really exposed to crypto and wouldn't be really the kind of people I would trust with my investment.

Agree, invest according to your ability. After all of your obligations have been fulfilled, the rest is enough to invest in long-term savings. It's different if you are a day trader. Maybe you are looking for profit every day. But what is certain is to invest with cold capital, never use hot money. Because the risk of investing is ready to lose.

This passage is definitely true because based on my experience, investing funds that you can't afford to lose would only lead you to regrets and disappointment if ever the coin of your choice wouldn't succeed. Crypto investment has a huge risk that we should only allocate enough funds in case we aren't 100% sure about the investment that we're entering.

"Don't invest more than you can afford to lose." I think that's the first rule to invest. Because your investment may not be profitable. You may even lose all money. That's why you should invest as much as you lose so that you will have no difficulty in leading your daily life. Then if your investment is profitable then it is very good.

I think it has to do with emotion when you know your investment if it was a loss won't get you some troubles. I can't imagine how a person who took a loan can be calm when the price is on a downtrend or got dump. Sort of 'noise' that affects and makes you ain't cool, easily making a mistake. That's why you have to reduce those negative noise.

Yes ,  100% if you have have an extra money ,  than invest in crpto by puting in to the bank . invest as much as you afford ,  other wise you will lose a lot . first learn it invest here

in addition to beginners to the crypto world The gains that are being provided could be very appealing and enticing. As a result, some people may elect to take out loans and invest the money. It's lucky when they can actually make money. However, many people lose money as a result of greed, as they are unable to manage their finances and spend more than they can afford.

As long as people keep being afraid of investing into stuff because they do not think that they will be able to afford it, you will not end up getting rich neither. Do you think that all the people in the world who became rich did nothing financially irresponsible? Some of them had rich parents so they were lucky, sure Elon is a rich guy but he had rich daddy that paid all his costs plus he is still using slave labor in mines at Africa to get cheap stuff for his cars, so yes sometimes you are a lot more allowed in the world then what you and I can do.

However even if you do not have that, just go out there, make a mess, ruin your finances, live a very poor one year if you failed, but then get up and do it again and again because you know why? If you do not do it, then you will never be rich and the chances are your kid will not be neither, you have to take risks, I take them all the time, once I got a brand new car, the other time I lost so much that I am still paying debts, there are always goods and bads.

We must not try to sell those fake coins that landed in our wallet that is not in our knowledge. We must double-check the coin whether we buy it or is it a bounty token if not aware of the coin must not connect to the wallet in any case to avoid the hacking of Ac, otherwise

This statement is kind of cliche but is really an important thing to take as a newbie investor. Losing everything before learning this would be a hard lesson to learn. I could lose a lot if I invested in crypto in just one drop. I guess consistency is the key to profit. It's okay to take risks but know the negative scenario and its possible outcome, but don't dwell on it. At least, you are mentally ready in case it happened.

I like this statement. Little but very meaningful. This is what should be the principle in any trading. Where we must be ready to make big profits and also be prepared for big losses. There are so many investors out there who don't understand this principle. So invest according to your ability.

That's one of the main rules that you should remember when going for investing. Moreover, the skill of losing money is something that you have to learn if you want to succeed here - especially in crypto investing.

I totally agree with you.
 What you say is very true, because ability here has two meanings in my opinion.
 The first is the ability in terms of finances, if your finances are limited, then don't be too forced to invest, because when things happen that we don't expect (losses and losses), then there is only regret.

 The second is in terms of the knowledge of investing in the crypto world, because coin prices are fluctuating but we must be able to analyze the market, meaning we have to be good at seeing when the signs are when prices will go up, as well as signs when prices will go down.

This is really true and I totally agree to this quotation that just invest on what you can afford to lose especially knowing the cryptocurrencies are so volatile and so risky to invest with.

That really it needs for us to understand that investing is risky, the market went up and low cause for some losses. Thus, if we are putting all our money through investing, it is possible that we might lose them all. It is certainly hurting, unlike the feeling where we already think that this might happen anytime and willing to accept it.

Greediness had to push some people to invest more than they can afford to lose. This is a thing we need to fight and keep in mind the level of risk in investing and must be taken seriously.

Yes I am absolutely agree with them because I personally lose much money which I took from my friend but I learnt one lesson never invest what you can't afford to lose and as well as never take money for investing.

Everyone who enters crypto should know it. It does not mean that the market will go always high or that profit is always there. There is still time that the market or coin we choose will not give us profit so always ensure that we have our money for emergencies and daily needs. I will just consider it a paper loss when the market is a dump and wait then sells it low provided the coin is really good.

We totally cannot compare investing with gambling because it's 100% different, we could are 100% loss our money if we do gambling even we are paying the money that we could afford to lose but it still completely different from investing.
If we hold our assets in loss condition there is a chance to come back if we are investing, but it will never happen in gambling, so investing is a spot trade.

sometimes people misunderstand the notion of trading or investing and gambling.
in trading and investing really requires good calculation and analysis. whatever the capital we must master it.
but gambling, I'm sure it's 100% a game of luck. while trading and investing have risk management that we can handle as you mean.

This is very much true and I fully agree to this statement. This is not only true for crypto currencies, but for all kind of investments. You shouldn't be risking money that you might be needing in the future. Just because you have some savings, doesn't mean you can use all your savings for investment. What if you lose your job and your investments aren't doing well? How will you be able to pay your bills? Before investing, always ask yourself if its worth risking or not.

I m agree, Don't use the money you get from a loan, don't use your personal savings that can affect your future, don't use your salary money that you use to meet your needs. Use idle money, if the money is lost you are not too bothered by the money.

The first thing to consider when you want to invest anywhere is the profit and loss later. if you're lucky, just enjoy it, but if you lose, the bankruptcy experienced can make us feel hopeless and other negative effects. especially if the investment capital used is the result of a bank loan. so use the initial investment capital according to our abilities.

The purpose of investment is to obtain more income and higher profits in the end.
Any investment has risks. Invest in the right amount of funds within the scope of funds that you really can afford, choose wisely to invest in cryptocurrency projects, and develop appropriate investment strategies.
A large amount of investment or loan investment is very risky. When the market changes and the price drops, you must bear greater risks and economic losses.

I would say that taking out a loan is the worst idea to get started with an investment in cryptocurrency, especially for altcoins (no matter how much confident the user is). But all that said, I know at least two guys, who took out a loan to invest in cryptocurrency (many years ago) and made huge profits out of their investment. But it is entirely another topic if someone want to take a similar step at current levels. The risk factor has gone up by manytimes, and I would definitely disapprove of taking loans to invest in cryptocurrency at this point.

Some investors may have studied and studied the projects to be invested and market trends and have their own investment plans and strategies. They will have great confidence in loan investment and profit.
But now many investors will choose to invest blindly, they will have a relatively large risk when investing in loans and have to bear relatively serious economic losses. Therefore, loan investment is a very risky choice.

I think this is a reasonable phrase, investments depend on the courage and riskiness of the person, well, and his financial situation of course, read an article recently which talks about the five things that crypto-lovers have learned from the business world when investing in cryptocurrencies.https://blockster.com/blockdesk/1349_5-things-we-ve-learned-from-the-business-world-about-crypto-investing

I agree with your statement, I add a statement if the actual investment is not from how much money we have, but investment is more directed at how we process money well with any capital to make a profit. Too pushy to invest more than what we have is not good and it is high risk.

Yes I agree because investing takes time and depends on investing in the long or short term, and it is very wrong to spend all our funds to invest and if the prediction is wrong then we will lose all the assets we have. Therefore, invest according to ability and knowledge the knowledge we have.

It is not about agreeing to a statement, but a necessity for any trader willing to take part in speculative assets. I would go on saying that only invest what you can afford to lose.

When you are taking a risk, you have to assume the worst and thank your lucky stars if you make a profit. That discipline is important and it is lacking among many traders. Specially when the money that you get from your day job is being put into investing one must make sure they are dividing the income properly and not over spending on any of the possible expenditure routes.

The reason why many traders end up frustrated after trading is that they assumed profits when in reality they may have incurred losses. So if the mindset was different they may still be able to tide over the bad times and continue. These statements have not been made by some book - they come from experience of older traders.

Yes, maximum people think the currency market is like a sheer market so hare is lost and profit both for all investors and traders so before invest or trade any token and coin at first we have to setup our mind for we have to afford the loss. Cuse future is always uncertain.

Personally I agree with that because we can reach out and of course be more careful. but again that everyone has their own perception of investment. there are those who dare to challenge the situation and there are also those who only play in the safe zone, it all depends on each individual. but for me it is indeed important where we must be able to minimize losses so that we also get profits and return on investment.

Not just in crypto but even in real life, all investments should always have its limits of funds and as much as we can, start a minimal amount so that if things don't go out as planned, you will never be left empty pocket. Most particularly in crypto wherein high volatility is always observed. So if you plan to invest, have some amount which you can only afford to lose and not those come from emergency funds.

I personally invest with my own spare money and yes, losses always hit me. And maybe its a reality that there might be more losses than profits particularly if you are still a newbie but atleast we will learn to overcome this as experience will always help us to do better in what we used to do.