What is the golden rule of investment?

[Smitty Werben Man Jensen]

Investment is like gambling, 2 sides, namely profit and loss, have the same opportunity, our mistake is to be too optimistic so we put all the money and even sell assets for investment, when a problem occurs, for example, the value drops, we will lose money, even what happened with LUNA has often happened in cryptocurrencies before.

Actually it's different when talking about both investment and gambling,
in terms of investment we can learn it and it is clearly inversely proportional to gambling which only relies on luck,
and to invest in crypto there is indeed a risk and we can learn it to minimize it

[SyndicateLabs]

I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.

This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.

Maybe the investment perception of some cases is wrong right from the start. Maybe some constraints in the relationship make transparency not important at the start. in the beginning as well as the process that takes place. And it's also a memorable lesson for those who put absolute faith in anything they think is absolute. I think it's not only trusting someone but allocating assets to limit losses. Death is something more people need to be concerned about. Taking risks or looking for new opportunities is also well prepared, not just based on immediate emotional control.

[tn211]

To me the golden rule is to never bet on 1 horse.
Diversify your holding into stones/crypto/metals/cash en stocks.

Within this asset classes diversify too into more risk to less risk. Allocate your funds wisely because losing your hard earned money is terrible.

[Semar Mesem]

When we invest, the important thing is to do an in-depth analysis, then set all targets, if we don't set a target time or profit then when a little storm occurs then immediately panic to sell or buy, and crypto has a very high chance of loss or profit , spend more money without disturbing life.

[kawetsriyanto]

Investment is like gambling, 2 sides, namely profit and loss, have the same opportunity, our mistake is to be too optimistic so we put all the money and even sell assets for investment, when a problem occurs, for example, the value drops, we will lose money, even what happened with LUNA has often happened in cryptocurrencies before.

NO, gambling and investment are different. Gambling purely relies on luck, the chance to win or lose is always 50:50. But investment doesn't rely on luck, we can improve the chance to gain profits by doing research or analysis. However, doing research/analysis requires sufficient experience and knowledge. Also, choose a proper strategy in investment and never try to risk our funds by holding those coins which have weak fundamentals or even have no fundamentals. If we just invest in BTC or top altcoins that have good fundamentals, I am very sure it is quite safe. Luna is surely a high-risk coin that never deserves to invest with big funds. Anyway, don't forget to use extra money only for investment, never think to use your main money for investment.

[cute nmp]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.Luna back then was one of the best crytocurrency project that people made huge profits from before the crash.One should not have leave all their funds in it after such profits there should have diversity their profits into other things as no one can tell what would happen in the next in the future.

[CryptocurencyKing]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.

I knew this wasn't far back when we talk about rules and principles that is to investing and they are right. Somehow, it guarantees safety in your investment as, that's the only way you could be willing to accept an outcome which ever way it turns in the end.
People tends to invest where they find opportunities and somehow, they never want to believe that, they could be wrong and all facts presented could be pseudo to what is obtainable but I reality or should I say cryptos, the worst often  plays out more than expected. Especially when you don't take precaution in choosing your investment.

[tabas]

To me the golden rule is to never bet on 1 horse.
Diversify your holding into stones/crypto/metals/cash en stocks.

Within this asset classes diversify too into more risk to less risk. Allocate your funds wisely because losing your hard earned money is terrible.

I agree and there are the investors that when heard about diversification, they literally are diversifying. But to give them an idea, they have to diversify into good investments not just with random investments that they see that others are buying.
It's still a matter of importance to choose the investment where they will allocate their funds. It's not just about spreading it but also having the idea that they're going to help you out minimize the risk for your most investments.

[Jody.Drummer]

The golden rule of investment on cryptocurrency can be connected with the following saying "where there's a will there's a way" which means if a person has a determination to do something surely he'll find a way and succeed. This is what cryptocurrency investment is all about, if you're determined to be successful you can. There are more ways, but you should have the patience and the learning to understand the market and the opportunity.

But in reality, things like this are not easy and expectations like this are too naive to do considering that sometimes reality does not match what is expected.
Learning and observation is important but when doing it sometimes there are some obstacles such as controlling emotions in buying or selling and not panicking too much when a correction occurs which makes this not as easy as imagined.

[Pomogator]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.Luna back then was one of the best crytocurrency project that people made huge profits from before the crash.One should not have leave all their funds in it after such profits there should have diversity their profits into other things as no one can tell what would happen in the next in the future.

A very good rule, I stick to it myself. Cryptocurrency is now a tool with the ability to multiply your money. A lot does not depend on you, so do not count on this money, it's like a casino. Shares will be a more reliable tool.

[kotajikikox]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.Luna back then was one of the best crytocurrency project that people made huge profits from before the crash.One should not have leave all their funds in it after such profits there should have diversity their profits into other things as no one can tell what would happen in the next in the future.

A very good rule, I stick to it myself. Cryptocurrency is now a tool with the ability to multiply your money. A lot does not depend on you, so do not count on this money, it's like a casino. Shares will be a more reliable tool.

Lol this is not like casino because here you can earn if you study and learn well not like in casino that you only have a chance to win with LUCK and not with knowledge and skills .
so never call or compare crypto investing in Gambling.
and iN crypto investment ? it is yours that will be the tool to earn and not the luck that gambling may provide.

[newdevices]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.Luna back then was one of the best crytocurrency project that people made huge profits from before the crash.One should not have leave all their funds in it after such profits there should have diversity their profits into other things as no one can tell what would happen in the next in the future.

A very good rule, I stick to it myself. Cryptocurrency is now a tool with the ability to multiply your money. A lot does not depend on you, so do not count on this money, it's like a casino. Shares will be a more reliable tool.

Lol this is not like casino because here you can earn if you study and learn well not like in casino that you only have a chance to win with LUCK and not with knowledge and skills .
so never call or compare crypto investing in Gambling.
and iN crypto investment ? it is yours that will be the tool to earn and not the luck that gambling may provide.

Comparing investing in crypto with gambling is definitely different,
it's true what you say and gambling is so dominant in terms of luck that knowledge and skills don't seem to apply,
it is much different from investing in crypto which requires knowledge and skills

[Dunamisx]

Investment is like gambling, 2 sides, namely profit and loss, have the same opportunity, our mistake is to be too optimistic so we put all the money and even sell assets for investment, when a problem occurs, for example, the value drops, we will lose money, even what happened with LUNA has often happened in cryptocurrencies before.

One of the golden rules one should take cognisance to is the type of investment they vested their assets on, not all cryptocurrencies are really digital currency that has asset value or can be use as a store of value without regretting it at the later end, investment shouldn't be made on what many believe as get rich quick schemes, that is not it at all, we shouldn't as well be too anxious to making profit because in doing so we are reducing the chances of getting a reliable and trustworthy one.

[Hypnosis00]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.

I knew this wasn't far back when we talk about rules and principles that is to investing and they are right. Somehow, it guarantees safety in your investment as, that's the only way you could be willing to accept an outcome which ever way it turns in the end.
People tends to invest where they find opportunities and somehow, they never want to believe that, they could be wrong and all facts presented could be pseudo to what is obtainable but I reality or should I say cryptos, the worst often  plays out more than expected. Especially when you don't take precaution in choosing your investment.

That is why we choose an investment that we know we can manage. let's say, investing in crypto is welcoming all those who want but have to consider first if we are really prepared for the risk and that is really can afford to lose. As investing is not all about profiting, we sometimes lose because of our avoidable mistakes. If we can do good things by investing, doing hard work, and pushing ourselves to reach our goals, had no way we can't make it. The Golden rule for me in Investing is "Knowing more about your Investment".

[Rockstarguy]

To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.Luna back then was one of the best crytocurrency project that people made huge profits from before the crash.One should not have leave all their funds in it after such profits there should have diversity their profits into other things as no one can tell what would happen in the next in the future.

This is an important rule everyone one needs  to follow while investing expecially in cryptocurrency,  people don't really follow this rule to invest cryptocurrency,  they think cryptocurrency is an investment one will just start and it will be bringing profits all through. Cryptocurrency is risky,  it is not advisable for anyone to invest all that he/she has or an amount that can't be afford to lose.

[Subbir]

The golden rule for investing in crypto is to go ahead with the plan because the market is not fixed in one place. It is important to plan money will be invested and where to invest it, and to study the platforms carefully and understand the policy of that particular platform also follow their rules.

[famososMuertos]

An investment advice "technically" should be given by a professional and those same professionals have made millions of people sometimes lose everything, but they are professionals and such situations do not affect them, because along the way they have made others persons happy, so even if whether you are a professional advisor or an empirical one, if you decide to give advice, you know that you must be emotionally prepared for any result, the rule of common sense not only in investments but in any area of life always leads you on the right track, but temptations they are there to break it, so in investments particularly there should not be a single golden rule, you have to have several, to support unexpected situations.

I'm sorry about your friend's situation and in general those who go through these very adverse situations.

[Hamphser]

The golden rule for investing in crypto is to go ahead with the plan because the market is not fixed in one place. It is important to plan money will be invested and where to invest it, and to study the platforms carefully and understand the policy of that particular platform also follow their rules.

In short "make some research" on which this is something that you should really be making once you do consider on making up some investment,you can't just put up on something without having any consideration whether it's a good one or not.

Somehow it's really truly hard to make up decisions due to lots of projects which makes even more harder to choose from that's why risk management or taking risk would be they key and expect the unexpected things to happen.

[Freeesta]

To me the golden rule is to never bet on 1 horse.
Diversify your holding into stones/crypto/metals/cash en stocks.

Within this asset classes diversify too into more risk to less risk. Allocate your funds wisely because losing your hard earned money is terrible.

I think we need to invest in different projects. If we want to have a profit in the long term, then we should not be worried if our profit changes daily in the direction of decreasing. We must look at the total annual revenue and only then draw conclusions. If there is an unexpected change with some currency, then we will have several more options for saving our deposits.

[Rasa nanas]

To me the golden rule is to never bet on 1 horse.
Diversify your holding into stones/crypto/metals/cash en stocks.

Within this asset classes diversify too into more risk to less risk. Allocate your funds wisely because losing your hard earned money is terrible.

I think we need to invest in different projects. If we want to have a profit in the long term, then we should not be worried if our profit changes daily in the direction of decreasing. We must look at the total annual revenue and only then draw conclusions. If there is an unexpected change with some currency, then we will have several more options for saving our deposits.

I think long-term investment should also pay attention to the current market situation because the purchase price has a big effect on how much profit you will earn in the future .currently the market conditions are bad and there is a high chance that the price of bitcoin will go down, so I don't think this is the right time to buy because in the next few days the price of bitcoin has the potential to go down again.