Don't bite more than you can chew

[odranoel]

Good and very nice sayings to read and understand. In cryptocurrency, especially in bounty program there's a different kind of campaigned which we are able to joined, this means joined only you can afford to work for, beyond your capacity and skills and time, to never failed one time. But on the other side if you can do it one big income at time.

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[Novatech8]

This is true,if you don't limit how you work you will end up been over stressed and you won't be able to complete your work so its better to always start what you can fnish

[trudovik]

A good saying and it seems to me that this is in all ethnic groups, as for cryptocurrencies in this regard, to say that there are a huge number of people who are trying to bite all the same much more than they can chew.

[rawdog11]

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 think the other thing, in regards to investing what you can afford to lose, is to remember that you don't actually gain or lose anything until you choose to sell. If you buy one full bitcoin at $10,000 it doesnt matter what the price does -- it's still one full bitcoin.  If you choose to sell at $5,000 then you lose the $5,000.

[Fredomago]

That is a good advise from the operator. There is a rationale behind every good investment. The crypto market is very volatile, which is why we need to be careful of how much and in what you are investing in. How long to wait is also a very important factor.

Yeah, it's needed to learned how you can manage to budget your time as investment in this field will be in need of lots of patience and time,holding and waiting for the right timing to buy as well with selling position, you have to be smart not to allow yourself to enter things that you ain't sure yet.

[toydoll]

Good advice.It seems to me that such maximalism is associated with little experience and knowledge in the crypt,and perhaps with the usual greed.Of course everything should be approached wisely,to do a good preliminary analysis.

[coin-investor]

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 is very tempting when the market is in the bear trend you see coins that you always wanted to buy but cannot afford because of it's high price then, now that it is much lower you invest everything you've had because you believe that it can make you a lot of profit, but this does not applies to all coins, soon you are going to regret for investing everything you've had, it's really an old story.

[IParn]

As for me it is very correct. Because you need to count their forces and possible. I also think that it is not necessary to be in pink glasses, we are all human and we can be wrong. There are no ideal situations in the world of cryptocurrency.

[anggracoin]

It is better to invest according to ability because greed will not bring maximum results. The crypto market is very risky so it requires good planning in terms of investment capital and good management in carrying out work.

[awik p]

As for me it is very correct. Because you need to count their forces and possible. I also think that it is not necessary to be in pink glasses, we are all human and we can be wrong. There are no ideal situations in the world of cryptocurrency.

yes, everything depends on personal observation and high discipline. however, personal analysis will be better than we follow the signals of others. and of course don't be greedy for profit

[cryptolidus]

So true , we have to find right measure. And it is true for work/ life balance and also for investing and hunting as well.
Do not be greedy and will be rewarded properly.

[Coin-Desk]

Yes, I agree with you on this line Don't bite more than you can chew. You should have as much capacity as you can. Should not do anything out of bounds. Work should be done according to capability. The one with whom he has the capability will do the same. There is a lot of harm if you work on out of capacity. So whoever has the capability of investing in the capital, he will invest as much as he can afford. There is no need to invest more than this. If any Altcoin's price is low then there is no need to buy a lot. You can buy as much as possible. There is no need to buy more quantity. So I have to invest according to the capability of the capital.

Thank you

[maculeth]

in the crypto industry, you don't invest or trade beyond the money you have, or in other terms you get into debt when you enter the crypto world. because the crypto market is very volatile and if prices suddenly fall, you will be depressed.

[elbimbo012]

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 agree many newbie investors are lossing their hard earned money when they start investing last December 2017 where they thought they can get an easy profit but opposite situation happens instead of bullish market, crypto become bearish and they end up crying and shouting that crypto is a scam.

[Emmy92]

This is a good advice and it goes to all within this space, whether newbie or not, whether crypto traders or Investors. When someone invest the amount he is willing to part with (while hoping for the best), he will be relaxed and it gives peace of mind.

[overnight03]

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.

Don't invest all the money in cryptocurrency, that is like a rule when we participate in this cryptocurrency market , I've invested all the money into an ICO project and that project has failed, it's also a experience lessons that I will never forget

[hell_slayer]

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 sounds reasonable, but if a person does not set himself the maximum, often seemingly impossible tasks, he risks stopping his development or even begin to degrade. The optimal ratio of ambition and effort is established empirically and it will be different for each person. What seems like an impossible task for one person can be very easy for another.

[aemma]

Kudos to this wonderful post. This is should infact the first lesson all should learn before getting involved with this sphere and infact with all things in life. Invest what you can lose or rather invest within your capacity and you won't be disappointed if it goes totally bad.

[elitemobb]

I will tell you that the most important mistake of any trader is greed, because when you exit a trade, many people see a large growth momentum and simply don’t sell it, but the price of the token drops and the trader loses money. All comes with experience.

[Wildwest]

The advice is pretty good, but everyone has their own way to make a profit.
Forcing the will is not good, but it can be distinguished from hard work. So hard work and imposing the will are not the same. we have to work hard, not force more than we can