Invest only what you can afford to lose still

[sujonali1819]

If you are talking about crypto investment then you must have to follow the lines "Invest only what you can afford to lose" even if you invest in Bitcoin. Because anything anytime can happen in crypto. For example if suddenly dump BTC And you panic sell all BTC then You will lose. And if this happen twice or more then you could lose all the capital.

[cheezcarls]

Utilities isn't the end, if you are smart then you should know that it's just the beginning, just because many are advicing you to invest in coins with good utilities doesn't mean once you find one it's a home, remember that even after a good utility the success of the project still depends on the team and dev capabilities so invest only what you can afford to lose

Yes this is what I have been doing so far. Of course I’ve lost a lot of money into cryptos and NFTs, estimated more than six figures in Philippine peso. But since I can afford to lose those amounts, I didn’t grieve much as I already sustained my finances.

I didn’t quit my job, still making money from various gigs, participating in airdrops and bounty programs, etc., which helped me sustain myself while dealing with losses in crypto and NFT projects that aren’t successful.

[Mkmanik]

These lines are very important for the crypto investor. Because there is a huge risk available. Anything can happen with your crypto asset. When any of my friends want to make an investment in crypto I tried to explain this line. I also add '' Don't Put All Your Eggs in One Basket'', It's also very important. Whenever anyone buys any coins, he needs to buy some coins instead of one coin. Most of the new crypto holders do this mistake.

[Masplanc]

Utilities isn't the end, if you are smart then you should know that it's just the beginning, just because many are advicing you to invest in coins with good utilities doesn't mean once you find one it's a home, remember that even after a good utility the success of the project still depends on the team and dev capabilities so invest only what you can afford to lose

Investing in what one can afford to lose is a good strategy for investors especially for investors who are new in the cryptocurrency world. succeeding in Investment is about understanding. One needs to understand him/ her self very well . Don't so what is bigger than you. Don't take risk that is bigger than you.

[decodx]

If you are talking about crypto investment then you must have to follow the lines "Invest only what you can afford to lose" even if you invest in Bitcoin. Because anything anytime can happen in crypto. For example if suddenly dump BTC And you panic sell all BTC then You will lose. And if this happen twice or more then you could lose all the capital.

A lot of people do not know that and will invest huge money in crypto without having knowledge or seeing the strategy and also before they realize they will lose their entire capital. So i must say as investment it is risk but if you are experienced it is only good as long as you can handle the risk. Crypto makes a good alternative investment vehicle for those who like to play both ends of the market such as long term or short term investors.

[Smartvirus]

Utilities isn't the end, if you are smart then you should know that it's just the beginning, just because many are advicing you to invest in coins with good utilities doesn't mean once you find one it's a home, remember that even after a good utility the success of the project still depends on the team and dev capabilities so invest only what you can afford to lose

Well, when it comes to investment in coins, bitcoin still stands out as a coin you can trust but in order to make profit, it all falls down to your investment plan. You ought to have a plan that isn't stiff but flexible to adjustment due to the unpredictable nature of the market. You have to be ready to wait a long time should the market be experiencing a bear market or when your desired profit haven't resulted. Should you be a trader, its about your experience with the market.

Taking a page in altcoins is where it becomes really difficult because, there are a lot of shit coins and as such, the liklihood of being met by a scam project is almost certain. In anyway, the investment rule still stands. Invest only what you can afford to loose. Its the closest way to safety.

[cryptoaddictchie]

Utilities isn't the end, if you are smart then you should know that it's just the beginning, just because many are advicing you to invest in coins with good utilities doesn't mean once you find one it's a home, remember that even after a good utility the success of the project still depends on the team and dev capabilities so invest only what you can afford to lose

Thats typical. Most users are not basing on the use case hence on the price itself. People should start taking this into account. More people are following some fool on social media and when they realize that they invested on shitcoin they end up losing money instead of gaining.