Don't bite more than you can chew

[trash321]

A wonderful phrase, which today may have a very deep meaning, of course, not everyone will correctly understand this phrase, and many will say the opposite, that all this is a terrible mistake. But I also think so and fully support.

[krenus]

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.

absolutely! the thing about finishing projects in time, it's such a bitter thruth. we always hope that we understand everything but when it strikes back, the result might be quite painful. be careful

[nepeso]

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, I also hold this opinion. I believe that this is an excellent and useful advice for people who are trying to invest all their free money, and then start to panic in the period of falling prices. You need to understand - there is always the risk of loss and falling money. Therefore, you need to invest only the amount of money that you can afford to lose.

[ak49er]

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.

I would like to add to the first hyphen that you cannot take loans for profit, because usually this only leads to ruin

[JeffreyBasil]

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.

I don't really think many people follow this but to be honest it's the right way forward. Buy Paragon, Stellar, Cardano or Tron invest what you can truly afford to lose.

[apitico]

I think that is just to comply fully with the amount of work you can handle and constantly add to the load 10 - 20 percent, no more, as too much work you just killed.

[adzino]

Yes, I also hold this opinion. I believe that this is an excellent and useful advice for people who are trying to invest all their free money, and then start to panic in the period of falling prices. You need to understand - there is always the risk of loss and falling money. Therefore, you need to invest only the amount of money that you can afford to lose.

Do you really think that there is an "amount" of money an individual can afford to lose? Are there are actually any such thing? No one wants to lose anything. If you want to make something, you will have to take risks of losing everything you have. Without risk, there is no profit in these kinds of crypto investment. Instead of saying invest only the "amount" of money that you can afford to lose, you should be suggesting people to invest as much as you can but do it wisely.

[somansy]

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.

it's a nice law of saving one's energy, not to attempt to od more then capacity allows yes, i think each of your statememnt is a result of personal experience and i am grateful you share it with us

[De_nis]

Participating in bounty campaigns is now akin to long-term investment with a planning horizon of several years!)

[jpnl0006]

A reasonable advise any good trader or investor would buy into invest what you can lose and not what would be of great effect if you lose them tomorrow. who ever would want to be successful should buy into this idea or advise 

[InGODweTrast3]

The best option is to make money on bounty and increase trading on the market, but unfortunately now it is difficult both.

[anisoptera]

Good point, but driven by our inner willingness to get more we forget about this. You won't earn it all, and you might choke while chewing. Over valuating is an advancers mistake. Stay advanced yet optimized

[aalavandan]

Great advise for the newbies. I am using this rule, when I am investing in altcoins on this market. Always using the funds diversification and trying to sell them when they show 30-40 percent profit. It is more than enough on the falling market.

[stomerliren]

when moment to buy?

[okaypool]

This rule applies not only to cryptocurrency, but also in any business. Do only what you can do. And when you invest in cryptocurrency, be prepared to lose your money. Get over it. Then you can soberly assess the situation, without excitement.

[vike]

Previously, there was such a trend when people could sell all their property and invest in the cryptocurrency market because they hoped for a quick enrichment, but the realization that they could lose all the money led to the fact that in a short time these people lost everything 

[jan.nicolas]

A very correct phrase that today shows exactly what people very often try to take for themselves a lot, because this is the so-called greed of people, this is a permanent and not exhaustive process in a person, he will always be.

[ameliana]

A very correct phrase that today shows exactly what people very often try to take for themselves a lot, because this is the so-called greed of people, this is a permanent and not exhaustive process in a person, he will always be.

yes, this is a human nature that is difficult to eliminate where humans will never be satisfied with what they have so risk everything to get more and eventually backfire for themselves.

[bernard75]

Previously, there was such a trend when people could sell all their property and invest in the cryptocurrency market because they hoped for a quick enrichment, but the realization that they could lose all the money led to the fact that in a short time these people lost everything 

This is called gambling addiction.

[graminfodiff]

In this market, I would not sell anything