You cannot eat your cake and have it

[farosa]

In my opinion, many traders have lost a lot of money until this statement is created. There is nothing wrong, in the volatile market your deposit should be as much as you can risk and never get the money you deposit from the bank as a loan.

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[Semaj123]

I sold a precious coin and regretted totally for selling the coin at that cheaper. The coin was worth $120 that time and some weeks after, there was over 200 percent increment to my surprise.

Well, this is why we need to be a risk taker and also no one really knows what could be the outcome of that specific coin/s. It's still probably worth kind of decision, especially if you only earned that coin through bounty campaign.

[audaciousbeing]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Well you have made some serious valid point that should be a point of reference to anybody who wants to make an informed investment decision when it comes to crypto. Putting all your life saving into crypto does not have to do with money alone as there are other angles to look at things. I have seen people on the forum ask question about quitting from their day job to focus on crypto and some would be willing to advice someone to take such decision. The point is there is no gain without gain. I have read about someone who invested his life savings during low price era in which at the time was referred to as a fool and witnessed some significant return on investment to the amazement of many who had mocked him. I have also read about someone on the forum here who suggested to his grandmother to invest in crypto but was disturbed because of the recurrent downward volatility. Eventually, it paid off.

In summary, you can eat your cake and still have it if you are smart about by take half of the cake and keeping the rest. It means while investing and dedicating to crypto, there is nothing wrong in having a backup plan.

[yoseph]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Going for a loan just to invest into crypto currencies is indeed one of the stupidest idea that there is. Crypto investments is not 100% guaranteed to make profits so one should put their entire savings on it.

[visionE2]

I agree with you, many people just see that crypto has a great opportunity to get high profits without seeing how big the risk is

[Sama517]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I think people are now more aware of these cryptocurrency risk now than before. It is not really common anymore to see people throwing all they have into investing in cryptocurrency.

[reflector]

Crypto is volatile platform so it makes huge profit or huge loss at anytime. So we should clearly plan our direction then only it makes good earning. But most of the investors are thinking 3x profit is achieved in short period and reality one or two months is impossible in crypto platform because no one say when it will going to moon. It is one of experience so many peoples are take a perfect risk in this platform.

[harizen]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Some people thinks that crypto is an easy money scheme so no such thing as researching first before putting in some money. Good example is the so-called 2017 hype wherein there are really lots of newcomers joined the crypto revolution thinking their $100 will become $10,000 without doing nothing but hold. And what happened after? They regret because they don't understand the risks they faced here. Some even called crypto as sh*t and sc*m meaning they really didn't have an idea what is going on.

But honestly, for some people, it's alright to me that they feel that experienced so next time they will do research into something that involves money. Good lesson indeed.

[Johnyz]

In my opinion, many traders have lost a lot of money until this statement is created. There is nothing wrong, in the volatile market your deposit should be as much as you can risk and never get the money you deposit from the bank as a loan.

This has been talked about ever since that don’t invest the money you can’t afford to lose and yet people are still greedy to earn. Well, some people says that experience is the best teacher so i think its better for them to experience that and I hope they will learn from it.

[ucingucingan]

One of the important things you should know about investing is to be ready to experience loss, that's the worst risk you have to experience when you invest in a commodity, there is no business that has no risk at all and the risk is proportional to the benefits we will get if we can manage opportunities and risks well

[nydiacaskey01]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

I wouldn't borrow money to risk it on something that is already a high risk investment. It's not a good idea even when someone promised returns are higher than the interest on the loan. I have a friend who used up all his available balance in his credit card (Citibank) to buy Bitcoins and then buy altcoins. He didn't earn too much in buying and holding Bitcoins. He earned from altcoin because it was introduced in a multi level marketing fashion that promised 8% to 10% profits every month. He earned from it but his downlines didn't. His downlines followed his strategy to borrow from credit card.

[Finestream]

One of the important things you should know about investing is to be ready to experience loss, that's the worst risk you have to experience when you invest in a commodity, there is no business that has no risk at all and the risk is proportional to the benefits we will get if we can manage opportunities and risks well

Exactly.Expect some risks for you to take if you really want a good returns from your investment.But never invest too much from your own income,it might cause you more struggles in life if you lose all your capital so invest only what you can afford to lose.And in crypto investment,everything is possible.So prepare for a huge profit or the vice versa,a great loss.

[STT]

the mistake of investing

The mistake I always saw repeated was bad labelled speculation, which is not investing.   People confuse the term quite easily to assure themselves its not as risky.    Investments give a steady revenue of some kind, it has been possible at times to do this in Crypto such as royalty shares on exchange revenue. Or a deposit giving interest is an investment but just hoping a price goes up on a business that wont exist for 2 years but the hope is people back it till then, thats speculation or quite easily known as gambling.

Most investment is quite sound, you will know it best when it appears quite boring.  Investment can be risky, all the projects I mentioned above can fail, the royalty share became worthless as the whole backing gave way.  But generally investment is long term where as the people who borrow to 'invest' should have been reversing that within weeks or days.  Day trading might be ok for some but its definitely high risk.   Anyhow I do see this confusion continue, the market hands out lessons at high cost unfortunately

[Oasisman]

Well, in the bull market, I suggest everyone around me to maximize their investment by borrowing or by taking loan from bank. But it is not a good time to invest in crypto currency now. If you invest now with borrowed money, you will lose more than money. The time will come.

I partly agree with this, but only those experienced traders and early adapters will know when will the bull market begin and potentially end. The market we have right now seems to have become more unpredictable, since we have not felt the presence of the bull in the market yet this year. Mediocre investors might have a doubt on when will be the perfect time to buy and to sell.
If there will be another bull run this 4th quarter, just like what happened last year, then I dont mind borrowing money to maximize my investment as well.

[gambitcoin53]

that is the saddest truth, maybe most of the newbies are eager to earn now and think later, actually we cannot blame them, the things is, they have already knew the risk but still they jumped in out of desperation i think, sometimes lack of info and just a hint of instinct, many have said that never invest borrowed money or their whole savings hoping to earn double, they knew it but they are willing to gamble, they say life is a gamble, so they never think twice.

[pumbum]

comparison with cake I think is appropriate. unless you're in the market, you think you already know where he's going, and when already in the market do not know what to do in case of a fall

[ronics]

youre right, most people are thingking that a cryptocurrency you get money is just as much as they say, because these friends tell everyone that he is a rich man because he gets bigger cryptocurrency, we know that we sometimes have greed for nature, and I can not do it there, but we still need to be diligent and smart to choose the right path.

[CrazeCoinz]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

well that's true...people will take all the risk if they think they can get huge amount of profits without knowledge about this technology. Investing in cryptocurrency has high risk and it's not advisable to invest all you have. It's unpredictable market and manipulated by those big players that owns huge amount of crypto.

[KorakPawon]

I strongly agree with that. By owe some money just to invest in crypto give you double risks. invest in crypto isn't gambling, you should be ready and patience cause ups-downs happen on it. Don't push yourself to something you can't afford, I guess so.

[gabmen]

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

Only a fool would go beyond his means to invest in something that he knows doesn't guarantee big profit. You only have to use logic,which will tell you that it's not worth risking your future for something you're not sure of.