What is the golden rule of investment?

[2stout]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

[1714681000]

1714681000

[1714681000]

1714681000

[1714681000]

1714681000

[bestcoins1]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression.

[trendcoin]

...
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.

I'm really sorry about your friend. He bought this bad experience very expensive. He will remember this for the rest of his life. I am sure of that.

I don't have any major advice. Buy when everyone is selling and sell when everyone is buying; one of the rules I try to apply the most in the bear market. I try to buy gradually in the days when pessimism prevails in the market and there are big breaks. Then I sell what I bought while the dead cat bounce (https://en.wikipedia.org/wiki/Dead_cat_bounce) is happening. In a bull market, I sell my holdings at the point I am satisfied and do not enter the market again until favorable conditions are established.

[sulendra12]

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.

To be honest, it is their fault to just follow everyones advice without knowing the pros and cons of each decision. Blindly trusting someone especially on investment matters are really stupid decision to do unless you do some research first, the blame should be given to those friends instead. I have a friend that asked me for some advice, I said "I'm not a financial advisor and the risk is yours, I don't want to take a blame if you do something wrong" and if they want to proceed then we will learn together. I don't want to see any complain after that, those friends probably have really bad condition.

[AndySt]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression.

In fact, it would be quite surprising if someone felt great joy from having lost most of their investments I can't imagine what an irresponsible person you need to be to advise your friends and acquaintances to invest in such a risky business as cryptocurrencies and not warn about all the risks associated with it. It is also necessary to warn your friends so that they do not invest all their spare funds or savings in such things. I still, unlike Marvell 1, by no means urge you not to offer such investments to your friends and acquaintances at all, but you should still treat this with extreme caution and responsibility.

[monineklutak]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression.

That's true, it wasn't planned, but we must also realize that losing is an inseparable part of investment.
so we will not always be on good results or profit when investing and there are times when we experience losses,
and indeed when we experience losses there are many factors for sure and that must be identified immediately so that it doesn't happen again

[TheGreatPython]

Considering the current state of the crypto market, you may find that if you only invest in cryptocurrencies, whatever coin you hold at the moment isn't making you any money. Diversification of investments is therefore essential.

For everyone rules are different - but it's good to discuss with the people who are already in the business.
This way you get ideas, tips, dos and donts - - It is also good to learn from other people's mistake rather than making your mistakes.

That's true and will be very helpful for sure because by exchanging ideas and discussing our knowledge will grow,
it's just that when you learn from other people's mistakes it doesn't really work until you feel it yourself,
but surely everyone has their own way of dealing with it

There are a ton of places that could get people together and they could share their thoughts there. Mainly these places are in the crypto world of telegram, there are stuff in telegram that are not related to crypto at all, but that is mainly what it was used for.

This means that if you could find a chat place there and you could talk with other people, even if you can't get an advice that you think would be worthy, at least you would be able to get something that would be showing you what the people are thinking and how they are approaching things. And to be fair I have to say that this is going to be quite important because learning what others think matters a lot.

[Freeesta]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression.

Losing your invested money is very unpleasant. But none of us are immune from this. If you haven't invested your last cash, then you can survive. But if a person has invested everything that he had, then of course depression can begin. Before you start investing, you must be prepared for the risk of losing money and then life won't be so bad. We all have to take risks when investing.

[Hamphser]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression.

Losing your invested money is very unpleasant. But none of us are immune from this. If you haven't invested your last cash, then you can survive. But if a person has invested everything that he had, then of course depression can begin. Before you start investing, you must be prepared for the risk of losing money and then life won't be so bad. We all have to take risks when investing.

Its never been pleasant because we dont like or want to lose money which means that its normal for us human beings to react hard whenever we do experience such thing on which we dont really want to see

our investment do going down or entire portfolio which it is really that normal for us to have those kind of reactions thats why its important to accept out on losing on the amount which you can afford to lose

so  that you wont really be freaking out on the times where the price do decline or having those losses.Investment does have certain risk and it cant really be changed or altered.
Dont go all in or something you do really make out investment on having in full blast. All things doesnt give out guarantees on which you should really make yourself prepared.

[Cryptock]

If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship.  Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.

Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression.

The loss and the gains are not in the control of a person. What matters is how you cope up with the losses and gains.
Sometime - the loss brings you to some wise decisions of the life. Which are very fruitful in the future. where are some gains are painful. I guess the right decision at the right time are very important.

[LUCKMCFLY]

Before we invest, of course we have to be dyor, all investments that have the opportunity for big profits, then automatically have a high risk, cryptocurrencies are very difficult to guess, and what I have experienced since I invest from 2016 sometimes laugh and sometimes cry.

I think that in any investment the key is in Hodl, that is, waiting as long as necessary until obtaining profits, but we must bear in mind that when investing, a person must know that he does not need that money, not use it, make an account that this money does not exist so that investment can make sense, as a friend says, you have to have a stomach to endure what comes to you, in the books of Warren Buffet, when he chose the stock to invest (after a long time investigating which was the best) he waited 8-10 years to earn and make profits, and this is only in the stock marke, in the crypto market we know that the safest stock or currency is btc, and you don't have to wait so long for it can make a good move.

[LastKiss]

Before we invest, of course we have to be dyor, all investments that have the opportunity for big profits, then automatically have a high risk, cryptocurrencies are very difficult to guess, and what I have experienced since I invest from 2016 sometimes laugh and sometimes cry.

I think that in any investment the key is in Hodl, that is, waiting as long as necessary until obtaining profits, but we must bear in mind that when investing, a person must know that he does not need that money, not use it, make an account that this money does not exist so that investment can make sense, as a friend says, you have to have a stomach to endure what comes to you, in the books of Warren Buffet, when he chose the stock to invest (after a long time investigating which was the best) he waited 8-10 years to earn and make profits, and this is only in the stock marke, in the crypto market we know that the safest stock or currency is btc, and you don't have to wait so long for it can make a good move.

I agree when it comes to investment one of the important keys is Hodl, but there's something that we should have before we invest and that's having a good mindset, not rushing to be quick rich, knowing the risk from the project that we invest(dyor), and willing to spend our money that we can afford to lose. Many people just don't care about that thing so they only know about the other people getting rich from investing.