Smartgoat (OP)
Jr. Member
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Activity: 78
Merit: 6
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August 27, 2023, 04:06:58 AM Last edit: August 27, 2023, 04:45:43 AM by Smartgoat |
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Always invest only what you can loss l have said this on this platform a million times. when people cry to me about loses in BTC and other crypto's, I remind them that wailer are usually people who invested more than they can lose. his principle is the key to life. whether you are investing in BTC ,or other crypto's, only invest what you can afford to lose.
What do you think about it
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gunhell16
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August 27, 2023, 04:32:37 AM |
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As for you, dude, you went through the back and forth words; there were mentions of breakup relationships, and then in the end, you just said that you only invest in what you can afford to lose. There is nothing wrong with this; the only thing I don't understand is: what does a broken relationship have to do with Bitcoin or crypto investment?
Maybe what you want to convey is that "investing what you can afford to lose is the same as a break-up relationship, right? That's what you want to emphasize on this topic that you did here. That's how it is in the business industry that you must be ready for all the decisions you invest in. You can't do anything you don't know, or if you don't know anything, study and learn the things you should know.
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WatChe
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August 27, 2023, 04:55:46 AM |
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This principle is not only restricted to Bitcoin rather in every trading market you must invest what you can afford to lose. There are cases where people got so excited to extent that they sell there houses or bought loan to invest in Bitcoin. Such strategies must always avoided as Bitcoin may go bear for indefinite period of time and you have to wait to get your investment back. I have reserved some weekly amount for Bitcoin that is sulphurous for me.
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Peanutswar
Legendary
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Activity: 1764
Merit: 1349
Wheel of Whales 🐳
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August 27, 2023, 05:08:39 AM |
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People FOMO with the cryptocurrency even not on it like the other investment they risk everything just to get a ride with the possible income but what are the cons of it they invested without knowing how it works or even what are the possible things they can risk. Invest those money or assets that you are willing to lose without regrets like spare money only so you don't get depressed when you lose this. Also, avoid borrowing money with no assurance investments.
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Majestic-milf
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August 27, 2023, 05:51:05 AM |
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Some people feel that since Bitcoin is nearing it's halving event, it's best to invest with a huge amount of money, putting the huge amount of gain they stand to profit, forgetting it's penchant for volatility. While others believe that why start with small when I can actually put in a large amount and of in the event that things go south, they join those who regard it as an unwise investment; a waste of time. Bitcoin investment should be considered only if you have a high risk tolerance, or you are in a strong financial position.
It's important to maintain a diversified portfolio that includes different types of small investments so this can help lessen the risk exposure. According to experts, it's best to invest 10% into risky assets like Bitcoin.
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ImThour
Copper Member
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Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
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August 27, 2023, 05:55:52 AM |
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Yup, this is the first rule in investing. You should never invest what you can't afford to lose. Another helpful tip if you want to invest in multiple projects or symbols. For example, If you buy a coin XYZ for $100, when it goes $200 (Double) just take out your initial investment out and let your profits continue invested. This way, you will be able to invest in multiple projects without losing your initial.
If it starts going downwards, always cut the loss at 10%. Save your 90%. Many fail to do this.
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Lida93
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August 27, 2023, 06:45:46 AM |
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Investing on what you can afford to lose is next to risk management with your money but some investors not wanting to miss out of the opportunity presented decides to pull all resources at ones into the project in the expectation to truck a whooping profit in the shortest possible time only to get betrayed by the market leading to collosal loss. Cryptocurrency is not a get rich quick money-making-machine technology and the earlier people understands the more beneficial it will be for them, and the more longer they will exist, learn and benefit from the market in the long run.
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Ever-young
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August 27, 2023, 07:04:36 AM |
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This one of the startling advice that is being given to anyone who want to invest on crypto currency or even want to put their money on anything that can give them profit or make them lose money. But truth be told are their is no amount of money which is genuinely earned that one will lose that they are not going to give a little taught about it, no matter how small the amount appears to be. But this is just one of few advice which is used to discourage people from putting huge amounts of money or their entire fortune over an assets that’s highly volatile. I doubt how many people actually do take such advise as lot of people turns out to be too greedy and want to invest heavily in other for them to take a huge profit if their investment turns out positive.
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Lorence.xD
Sr. Member
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Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
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August 27, 2023, 07:17:23 AM |
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Invest what you can afford to lose but some people would literally risk it all it's either they are already knowledgeable or impulsive, if you're not ready you can invest at yourself first. Study, gain more knowledge and if you think you can't still afford to invest the money you have to provide your needs, then take your time. But remember that if you're planning to stay in this industry, loss is a part of your development as you gain more experience. It would only depends on you if your loss keeps continuing. This kind of words are already been spread in the forum for people to be aware, if you're planning to sell some of your properties and take a loan just to hop on the market, just don't. They would not guarantee you profit due to it's volatile risk just take your time to manage your money first. Don't let FOMO affects you cause not all in this industry have the same pace.
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Richkiedx
Newbie
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Activity: 53
Merit: 0
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August 27, 2023, 08:17:14 AM |
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When investing cryptocurrency is important that you can use only money you can afford to lose or Take a risk if you Win you will be happy if you lose you will be wise
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Nrcewker
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August 27, 2023, 08:23:13 AM |
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What do you think about it
Yes not only you, but many veteran traders have always advised that invest only that amount that you can afford to lose. If you greed for more and invest more than your capabilities, then definitely you will end up losing all the money. Trading requires skills and some percentage of luck. If you don’t do proper research and calculations and invest on a random coin out of nowhere, then definitely you will make losses. So always do proper research and invest amount which you can afford to lose.
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franky1
Legendary
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Activity: 4438
Merit: 4821
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August 27, 2023, 08:47:57 AM |
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with any investment. the best advice is not "invest what you can lose" because no one likes to lose anything even if its a $10 bank note falling out of their pocket they dont like losing it. if your the type of person that checks under sofa cushions for pocket change. then no amount is a "what you can lose" amount
the actual term should be "only invest what you can live without"
by investing disposable income that does not affect your living situation such as bills, means you are not intent on grabbing at that investment in an emergency.
this way you are not thinking about the money or needing it. thus you can just let it sit and wait for the next cycle of value increase which then causes market speculation above that.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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OcTradism
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August 27, 2023, 08:55:11 AM |
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Always invest only what you can loss l have said this on this platform a million times. when people cry to me about loses in BTC and other crypto's, I remind them that wailer are usually people who invested more than they can lose.
Invest what you can afford to lose does not mean you want to lose it with an investment. Practically it means if you lose what you invested, your life will still be fine and won't be affected to serious level like you will have to suicide because of your investment failure. It is not the same with people who borrow money to buy something and say they are investing. No, they are not investing anything but are completely gambling. Because they don't have their own money, own capital to invest. Borrowing money to buy something with hope that they will get rich is gambling, not investing. Do this only if they can afford to die.
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posi
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August 27, 2023, 08:56:42 AM |
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What do you think about it
It's interesting that people are always giving this advice to others, but I want to know how many people are doing this. Because I think everyone wants to get a high profit and to do that we need to invest a lot of money in it, maybe more than we can lose. But I know no one will admit it because no one wants to be embarrassed. I am also investing more than I can afford to lose, and I still fear that investment will be lost. But I'm sure it won't crash me and I can start over if it really fails. For me, success requires risks and trade-offs.
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Yey09
Sr. Member
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Activity: 632
Merit: 250
http://scientificcoin.com/
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August 27, 2023, 09:14:36 AM |
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Crypto would be a better place if people don't take loans to buy shitcoins and after shoot themselves
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Cvetik56
Jr. Member
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Activity: 180
Merit: 5
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August 27, 2023, 09:18:42 AM |
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Crypto would be a better place if people don't take loans to buy shitcoins and after shoot themselves
Well, if it wasn't for crypto most likely the would do the same in a casino or some obvious scam. It's not crypto's problem.
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irhact
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August 27, 2023, 09:22:38 AM |
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Always invest only what you can loss l have said this on this platform a million times. when people cry to me about loses in BTC and other crypto's, I remind them that wailer are usually people who invested more than they can lose. his principle is the key to life. whether you are investing in BTC ,or other crypto's, only invest what you can afford to lose.
What do you think about it
Also invest in what you understand, many individuals don't understand that not every cryptocurency will be successful in future like Bitcoin so they shouldn't be investing in everything they see and it's wrong to take loans or sell your properties to invest in Bitcoin other altcoins. Investing in Bitcoin should be done with only spare money but some individual still won't listen and they'll think they're smarter than others and go to use loans to invest. Investing with the amount that you can afford to lose doesn't mean that when you invest, you'll lose it but it helps you in a situation when you don't get the results that you expected from the investment to stay calm and rethink on your next investment instead of panicking.
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Abu-Naim
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August 27, 2023, 09:31:20 AM |
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Always invest only what you can loss l have said this on this platform a million times. when people cry to me about loses in BTC and other crypto's, I remind them that wailer are usually people who invested more than they can lose. his principle is the key to life. whether you are investing in BTC ,or other crypto's, only invest what you can afford to lose.
What do you think about it
When it comes to investments, it's not only about bitcoin or other cryptocurrencies. Since it is someone else's money, not your own, you cannot afford to lose the money, hence most firms started with borrowed money typically expand without confidence, if the business grows, and with the stress of not losing the capital. The recommendations to "invest the amount you can afford to lose" and "do not take a loan to invest in bitcoin" are vital, and if adhered to properly, we won't experience troubles with feelings around bitcoin investment.
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Kakmakr
Legendary
Offline
Activity: 3542
Merit: 1966
Leading Crypto Sports Betting & Casino Platform
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August 27, 2023, 09:32:05 AM |
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We repeat this like a mantra on this forum and to our family and friends... but nobody listen. The moment when they buy coins with money that they cannot afford, then they need that money and have to sell prematurely and that is when they occur losses. You have to "time" the market to sell exactly at the right price to maximize your profits, if you are forced to sell before that time... then you have to expect that you are going to have losses or a very small profit. The people who do this..... blame Bitcoin for their losses or small profits and they turn into haters.
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MinoRaiola
Legendary
Offline
Activity: 2338
Merit: 1923
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August 27, 2023, 09:45:23 AM |
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When investing cryptocurrency is important that you can use only money you can afford to lose or Take a risk if you Win you will be happy if you lose you will be wise That is the right attitude, if you look "normal" at it, and I think it is the most sensible one. But if you believe in bitcoin and have been in for many years, then there ist many more. Bitcoin should not bejust an ivestition, bitcoin is independence from our financial system. No bank will own your money, you own it yourself and can use it at any time. So it is not only investment, also freedom over your money. That is the reason bitcoin exists.
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