Don't bite more than you can chew

[lab rat hoax]

Well said. I think everyone knows that they shouldn’t invest the money that they can’t afford to loose. And they shouldn’t invest all of their money because this is an unnecessary risk. Actually these things are very simple, basic. Everyone should know it.

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[dedi joni]

Well said. I think everyone knows that they shouldn’t invest the money that they can’t afford to loose. And they shouldn’t invest all of their money because this is an unnecessary risk. Actually these things are very simple, basic. Everyone should know it.

everyone must know it. if you put all of their money it makes the risk of losing their money even greater. Such basic knowledge should everyone already know it from the start.

[Svarora]

Well this is general formula which is applicable in every financial industry. Crypto is very promising get very risky ar-ra.so you have to be cautious like whole investing invest in differnt altcoin. Dont out all your money at once. Whole doing bounties do them in waller number so you can deliver quality work. Moreover analyze the project from different angle like utility or pricing before doing it

[daporivera]

Every one should that you ought to cut your clothes according to your size. Don't be too greedy, on the long run, you will just yourself so badly. Every one want to make it big over night, they try to rush things and forget the time factor is the most important part of success. Take things step by step as it takes time to build a million dollar empire.

[Bitcoin Smith]

This is applicable to everyone in the crypto space, not to attempt to do more than they are capable of doing.
- For crypto traders, miners and investors, invest only what you can afford to loose. Do not invest all your money into crypto, believing that you will wake up one day to get a multiplier factor on your profit. It is either you have profit or loss.

- For bounty, participate in projects you can finish at a time. If you combine too many projects together, you might end up not getting anything reasonable from all the projects. I wonder some times when i see spreadsheets where some have 0 stake almost all through.

yes you are right in sometimes we are doing more than our expectation at the time it really not a right thought and we don't expect a lot more by making the money or anything it need to be Limited in all the time it will be the right choice for you and also good for your life

[Akonobea]

The crypto job needs a lot of time and dedication. If you keep pilling up bounties upon bounties, you might even forget to perform some tasks and end up not being paid. Just take your time and do a few projects at a time.

[roadwell890]

Every one should that you ought to cut your clothes according to your size. Don't be too greedy, on the long run, you will just yourself so badly. Every one want to make it big over night, they try to rush things and forget the time factor is the most important part of success. Take things step by step as it takes time to build a million dollar empire.

it runs like running water and measures enough if it's excessive so it will disappear.
so you have to get quite a lot according to your portion, and don't be too greedy to get a lot of profits because of erratic market movements.
with your desire that is too big then you wait, not realizing the market is not increasing but falling and falling, so you lose your big hopes.

[Cemploon]

You must be careful in determining the ICO project. Over the past year, there have been many unsuccessful projects and also many investors losing money on the investment. What you say is right that you should invest do not use large amounts of money. But invest reasonably and do the research.

There are many bounty projects that are now running and new projects are also numerous. As when investing we have to be cautious because of many fake projects. Focus on multiple projects and check thoroughly.

[Pffrt]

This is one of the reason for which we sometimes have to observe the capitulation. Newbie enter into the market with some of their savings for the purpose of being quick reach. When price start to go down they think their asset is decreasing and as a result they sell.
Long term holder should be them who have a lot of idle money. Not someone who can't afford.

[lesstoothless782]

Don't bite more than you can chew, or if you cannot carry the heat in the kitchen you must get out in the kitchen. Just like in the cryptocurrency world, if you cannot take the hype in the crypto you must not enter it because in cryptocurrency you need to take the risk if you cant take the risk in cryptocurrency you better not to enter it. Like when you are playing some crypto games you must have long patients and some game strategy in order for you to win and earn more. Because if you have less patience you will not be able to earn large amount of income.

[Pamadar]

This is one of the reason for which we sometimes have to observe the capitulation. Newbie enter into the market with some of their savings for the purpose of being quick reach. When price start to go down they think their asset is decreasing and as a result they sell.
Long term holder should be them who have a lot of idle money. Not someone who can't afford.

Idle money which instead of letting the bank to compensate better to invest it inside this market, investment should be followed by good understanding and self assessment, before you go inside this venue of business best to have a good insight of what possibilities you can get from this industry and how will you adopt the system to make sure your assets/money will be played well.

[SistaFista]

This is applicable to everyone in the crypto space, not to attempt to do more than they are capable of doing.
- For crypto traders, miners and investors, invest only what you can afford to loose. Do not invest all your money into crypto, believing that you will wake up one day to get a multiplier factor on your profit. It is either you have profit or loss.

- For bounty, participate in projects you can finish at a time. If you combine too many projects together, you might end up not getting anything reasonable from all the projects. I wonder some times when i see spreadsheets where some have 0 stake almost all through.

If you cannot afford to losing what you will invest on, then it is same as gambling i think.
We are investing from our surplus money, not because we need money so bad that we can't even lose the money we invest.
Working in main job and get money from it, then investing on cryptocurrency to get the profit in long time.

[Victorycoin]

Well said. I think everyone knows that they shouldn’t invest the money that they can’t afford to loose. And they shouldn’t invest all of their money because this is an unnecessary risk. Actually these things are very simple, basic. Everyone should know it.

Absolutely right and it should do so because if anyone take risk more than his afford loss amount then that person may suffer a lot in the long run. So, they should avoid any type of investment for which if the loss cant afford for rest of the life.

[daporivera]

No matters how promising a project seem to be , you shouldn't still invest more than you are willing to loose. Don't let greed make you invest more than you are willing to, some project are just mere hype and fear of missing out makes you push ypur limit while investing.

[Raymondavid47]

This is very true. People sometimes have too much faith in a project and believe that everything is just going to go fine and they invest all they have. But when it happens, it all seems like a dream. The crypto world is a pretty risky world, so we should all play smart.
The Number one rule in the crypto world should be "Never invest what you cannot afford to loose" . Don't invest your life savings.

[radjie]

This is applicable to everyone in the crypto space, not to attempt to do more than they are capable of doing.
- For crypto traders, miners and investors, invest only what you can afford to loose. Do not invest all your money into crypto, believing that you will wake up one day to get a multiplier factor on your profit. It is either you have profit or loss.

the cryptocurrency market can always provide benefits if we can take appropriate action to invest in it. don't feel compelled to invest in it because it's tempted by big profits so that all the money we have can be fully invested into it. actually, it can be a bomerang for us, because we strongly believe in cryptocurrency, while the knowledge we have about it is very limited and does not have the expertise to trade in it

[senyorito123]

This is applicable to everyone in the crypto space, not to attempt to do more than they are capable of doing.
- For crypto traders, miners and investors, invest only what you can afford to loose. Do not invest all your money into crypto, believing that you will wake up one day to get a multiplier factor on your profit. It is either you have profit or loss.

the cryptocurrency market can always provide benefits if we can take appropriate action to invest in it. don't feel compelled to invest in it because it's tempted by big profits so that all the money we have can be fully invested into it. actually, it can be a bomerang for us, because we strongly believe in cryptocurrency, while the knowledge we have about it is very limited and does not have the expertise to trade in it

The most important thing to do these days is we should extend more patience despite of being disappointed with the market. This is the reality of the trend, it's more aggressive compared than what we've been experiencing before, so take a deep breath because the adventure still continues to move on. Be strong enough to face the struggles and don't let some issues to ruin your principles, be brave and and always have courage.

[Wyndesam]

It is wise. We have to be the worst psychological preparation before investing. For beginners, you'd better start with a small amount. u need to accumulate experience instead of getting rich right away.

Psychological preparation should be more than the investment. When you loss your investment you may recover that but when you loss your psychological balance it will be difficult to recover it and recover loss.

Most people losing it , due to the fact that you begin to get more profit and I think that coin will grow to infinity , I think you need to properly get in and out of coins

[rdewilde]

This is really a wonderful advice if only all parties will listen. Investing in any business or venture comes with its own risk, and only those who have studied the anticipated risks do well on the long term while those who aren't tends to be bitter at every little thing. Imagine going all in in a venture and it didn't go according to plan, who will you blame?
Traders on the other hand, those who always think they can get it all with one trade always gets trapped. It's high time we start understanding everything we venture to do, only then will we be at peace doing it.

[farlack]

It is reasonable advice for me, but I still invest in trading all of my money.
You know, sometimes I restrict myself in something in real life and instead of this I keep buying new crypto or deposit funds on margin account