Are you following very basic crypto rules?

[LUCKMCFLY]

For now I don't understand the market well, I don't really see what could happen and I really don't want to get into gambling trading, because that would be it, I only like to do gambling and gambling when I go to one of my favorite casinos and have a balance available to lose in a slot machine, but I know that I am gambling and it depends on luck, but in trading I do not like to depend on luck, so in this case I am out of the market, I think that everything that is happening with BTC makes it very difficult other alts for trading.
So the basic rules that I follow is only one, that of BTC, as it is the King and it is going down, I will be totally away from the alts.

[1714832903]

1714832903

[Dessy88]

My opinion one of the good point don't invest crypto if you can't afford the loss because there is no business in this world without losses but research and confidence are required to take risk. Also, if you lose money from crypto there is no chance of getting it back. but if your investment is right then it is possible to get rich. Plus you'll be getting rid of clutter you don't need, as long as you're able to recover.

[panduryk]

The current hot topic is Luna. It's very sad that a lot of investors bagger due to Luna drama. The more sad thing is some people committed to suicide. Even in my country, it has happened. I will say think kind of situation occurs due to not following two very basic crypto rules. I know everyone knows these rules, but want to share again and remind you what would happen if you don't follow these rules.

1. Don't invest in crypto if you can't afford the loss.
2. Don't put your eggs in one basket.

It's pretty simple rules, I don't think here needs any detailed explanation at all. We should invest only what we can afford the loss. And shouldn't invest in one coin all of your savings. When you invest multiple coins that won't scam you at the same time. So follow the very basic crypto rules and don't commit suicide.

Im think u should pin that rules on everyone monitor. Doing this rules 3 month and feel good, but when luna star dumping i became greedy, and invest in Luna more then 40% of my deposit and after short time the money turned to dust. 1 error and u loose money, so anyway its one more error that i should earn experience of it. Stay strong guys!

[Viscore]

The current hot topic is Luna. It's very sad that a lot of investors bagger due to Luna drama. The more sad thing is some people committed to suicide. Even in my country, it has happened. I will say think kind of situation occurs due to not following two very basic crypto rules. I know everyone knows these rules, but want to share again and remind you what would happen if you don't follow these rules.

1. Don't invest in crypto if you can't afford the loss.
2. Don't put your eggs in one basket.

It's pretty simple rules, I don't think here needs any detailed explanation at all. We should invest only what we can afford the loss. And shouldn't invest in one coin all of your savings. When you invest multiple coins that won't scam you at the same time. So follow the very basic crypto rules and don't commit suicide.

Not only that you will invest in multiple coins but in different investments as well like stocks, bonds, real estate and even in gold. That way, if you lose in crypto, you will never experience such huge loss as you still have chances to make profits from your other investments. And yes, invest only on the amount you can manage to lose, although you can spend some of your life's savings but take only a portion of it and leave the rest for your other needs as well.

[TimeTeller]

Not only that you will invest in multiple coins but in different investments as well like stocks, bonds, real estate and even in gold. That way, if you lose in crypto, you will never experience such huge loss as you still have chances to make profits from your other investments. And yes, invest only on the amount you can manage to lose, although you can spend some of your life's savings but take only a portion of it and leave the rest for your other needs as well.

Yes, invest also outside the crypto market, much better in tangible assets like real-estate or gold.
Because if other fail, you have your tangible asset that you can see and hold.
Crypto market is still a very volatile one, so investing here is not an assurance that you will get your profits.
Those simple rules as stated by OP are easy to apply but some are ignoring them because they are after for high profits.