A must read for all beginners

[Stable090]

Be careful how you choose to invest in cryptocurrencies, do not end up in a situation whereby taking your own life will be the only option you have left, successful millionaires around the world advise people to invest 1 or 2 % on any investments for this reason.

It’s so sad when I see posts like this, i don’t think we should commit suicide no matter the situation which we are, because I know it’s not always an option. The person killed himself because of 670$, thats so bad. We should always learn to invest any amount we can afford to lose, don’t invest everything you having no matter how real a particular project is, always be cautious and invest anything you can afford to lose.

If you know that losing all you have can make you take your life, then you are not fit to invest yet,  you need a source of income first, then when that money comes make sure you invest only what you can afford to lose.

When you are investing, you should know that you are taking risk, and you should be prepared for the result of the risk which you taking. No matter the amount you lose when investing, you are not suppose to commit suicide, all you should do is just to look for possible ways to recover.

Seriously people are suppose to learn from the man, don’t allow anyone convince you to invest everything which you having in a particular coin, always invest what you can afford to lose.

[Maslate]

To avoid end up in this kind of situation, invest only on your discretionary income, and be aware of all the risks associated with investing in bitcoin. Scams are very rampant with bitcoin, so if you are blindly investing, and only rush to invest seeking for quick profits, then most likely you will definitely fall as the new victim in the long run.

And ask yourself if you are really prepared for the future losses, otherwise don't bother investing with bitcoin.

[Rruchi man]

Be careful how you choose to invest in cryptocurrencies, do not end up in a situation whereby taking your own life will be the only option you have left,

Can this advice be emphasized enough? Because there will always be newbies who are interested in making profit from cryptocurrencies so quickly that they would neglect carefulness in trying to invest. It is normal because some of these projects that do spring up usually come up with a lot of hype and publicity, and newbies, being unable to control their emotional want for an investment in cryptocurrency, always fall for it.

As a newbie that wants to invest in cryptocurrency, sometimes your best option should be to just invest directly in cryptos that have a good reputation already, Bitcoin.

[Rubuchi]

To avoid end up in this kind of situation, invest only on your discretionary income, and be aware of all the risks associated with investing in bitcoin. Scams are very rampant with bitcoin, so if you are blindly investing, and only rush to invest seeking for quick profits, then most likely you will definitely fall as the new victim in the long run.

And ask yourself if you are really prepared for the future losses, otherwise don't bother investing with bitcoin.

ordinarily nobody is meant to invest in bitcoin or trading with bitcoin or any form of cryptocurrency just to lose their investments and end up taking their lives. Life is too precious for that and what's the point of willingly investing your money then having to later battle with your life for it? Is that even an adventure or what will I refer to it as? Gambling? It still should not cause ones life. I will advise all of us including the newbies to trade with caution and not to force things or try to impress anybody when investing. Cases of suicide among the young people have been increasing these days due to wrong choices especially as related to wrong financial decisions.

[Pressurizedem]

To avoid end up in this kind of situation, invest only on your discretionary income, and be aware of all the risks associated with investing in bitcoin. Scams are very rampant with bitcoin, so if you are blindly investing, and only rush to invest seeking for quick profits, then most likely you will definitely fall as the new victim in the long run.

And ask yourself if you are really prepared for the future losses, otherwise don't bother investing with bitcoin.

You are very right mate, so many persons invest without asking questions or without doing proper research about the project they are about to invest in, and they end up losing their money because they didn't do the findings they were supposed to do. It is more better when you take into considerations the things that will probably make you a better investor, and those considerations must be done through research.
Other things one must try to learn is to exercise patience. Trading or investing requires a lot of patience, and every trader must learn how to endure and know that there are two things involved, either he will lose, or he will win. The moment these two factors are put into considerations, then you can say you are ready to for the emotional trauma that comes with trading or investing.

It is necessary to keep on doing your research, finding out the reasons people lose money in trading, finding out the amount of money good for starting a trade, and  developing a monster mindset towards the losses that will follow soon after making your investment.

[Dr.Bitcoin_Strange]

The reason some people usually fall for this kind of situation is because they focus more on the successful outcome of the investment but they don't consider the risk or they don't even have knowledge about the risk at all, they thought it's just all about profit without risk. If some people actually knows that they can lose their money when they invest in altcoins or if they start trading, they will be more careful in their decision to invest all the money they have but because they lack that knowledge, they end up taking a huge risk that could cause them harm.

[Faisal2202]

Understand that the risk of losing money still stands because this market is very volatile too, even the most reliable investment in my book which is Bitcoin, I still can't advise anyone to use all the money they have.

Do not end up like this man 👆🏻👆🏻👆🏻👆🏻

I can't agree more, but we can't just say you are not fit to invest in this situation because he was already in that situation before investing. He had money, but not enough to carry on. His GF died, how? He was donated money by one platform, and he said the other stole it from him! How? What is the real story? Is it even true?

Because I don't think there is anyone this naive to risk their money on the perpetual market. But what if he had no financial or mental support, which from the looks of it, he did not have. If he really had zero support, then he would not have been given that money, but maybe he knows how to trade, and that's why he chose a way to make more, but he risked it and lost. Now it is on his head if he lost, as he could be the one saying they stole it, but he might have lost.

Anyway, there could be many possibilities, but we must support this person if he is not making this up.

[Cgrexp]

The reason some people usually fall for this kind of situation is because they focus more on the successful outcome of the investment but they don't consider the risk or they don't even have knowledge about the risk at all, they thought it's just all about profit without risk. If some people actually knows that they can lose their money when they invest in altcoins or if they start trading, they will be more careful in their decision to invest all the money they have but because they lack that knowledge, they end up taking a huge risk that could cause them harm.

Trading is a risky strategy, most of them do not assess its risks, who only expect to make money and have no idea about the risks or market conditions. No matter what an investor does in trading or investing, they have to keep in mind that from here they can lose all their money and can also make a profit. Especially in the case of trading, they will basically decide based on uncertain results that they can lose and invest exactly as much as they can. However, investors invest even the necessary money in the hope of profit, which if lost, they get into trouble on both sides because on the one hand, they lose the investment and on the other hand, they have to face the mental stress of losing the necessary money and having to raise it again.

[Asiska02]

Sometimes I wonder why some people don’t really give a meaning to their life and think they can just take it when they wish to not want to live again because of some mishap they’ve faced in this world. Many people lost their lives not because they were ready but because they were victims of circumstances, when they see people like this take their lives because of some life challenges they’re facing, they’ll wish to have their own lives in exchange for theirs because this is really not worth any of this to take your life for.

Investment is a two way window, it is either you lose or you win. Anyone that becomes the result of your investment, you as a person should be willing to accept it and move on, not allowing the past to weigh you down. There is nothing like get rich quick scheme, while investing just know that you’ll have to be patient and make up for your mistakes when you encounter and and your expectations should be controlled to a limited target, because that’ll be better for you.

[Zanab247]

To avoid end up in this kind of situation, invest only on your discretionary income, and be aware of all the risks associated with investing in bitcoin. Scams are very rampant with bitcoin, so if you are blindly investing, and only rush to invest seeking for quick profits, then most likely you will definitely fall as the new victim in the long run.

And ask yourself if you are really prepared for the future losses, otherwise don't bother investing with bitcoin.

Some of the traders that are regretting today for their losses are those who failed to pay attention to this rule use what you can afford to lose in BTC trading. There is a risk in BTC trading which some don't know until they enter to experience some losses before they will learn from their mistakes which they will not repeat the same thing again.

Learn before using money to buy BTC to trade, because your knowledge will direct you to do the right thing that will make other traders to respect you for the results you are achieving from BTC trading. When you have the knowledge there is no how scammers will succeed, because it will be easy for you to indicate them not to fall victim.

[I_Anime]

Investment is not an do or die event , that’s why I always tell folks to invest according to their budget . To avoid and prevent scenarios like this , because many has ended their lives like this especially those that are into meme trading those that focus on shitcoins .

The best way to invest is to make your research (don’t rush anything) , look for solid projects to invest in like BTC and try to invest in it and take your time to build a portfolio in it .

[puloweh555]

Sometimes I wonder why some people don’t really give a meaning to their life and think they can just take it when they wish to not want to live again because of some mishap they’ve faced in this world. Many people lost their lives not because they were ready but because they were victims of circumstances, when they see people like this take their lives because of some life challenges they’re facing, they’ll wish to have their own lives in exchange for theirs because this is really not worth any of this to take your life for.

Investment is a two way window, it is either you lose or you win. Anyone that becomes the result of your investment, you as a person should be willing to accept it and move on, not allowing the past to weigh you down. There is nothing like get rich quick scheme, while investing just know that you’ll have to be patient and make up for your mistakes when you encounter and and your expectations should be controlled to a limited target, because that’ll be better for you.

Absolutely true. People sometimes harbor such desperate thoughts, ending their lives after experiencing losses, because they lack a healthy trading mindset. Life is far more valuable than any investment outcome and losses are a normal part of trading and investing.

If you don't have a healthy mindset and a solid foundation for trading, undesirable outcomes will occur. Many people end their lives because of trading, and even gambling often because they set too high expectations, fail to manage risk, and let their emotions take over. When goals don't meet expectations, they no longer think long term, focusing on the shortcut of living.

That's why in both trading and gambling, the key is to accept the risk from the start, use money you can afford to lose, manage your expectations and avoid getting rich quick schemes. Focus on the process not short term results. Learn from losses review mistakes, and continuously improve. If you're under severe stress, the best course of action is to remove yourself from the market and take a break to evaluate. Losses can be recovered but lives cannot be returned.

[WatChe]

Some of the traders that are regretting today for their losses are those who failed to pay attention to this rule use what you can afford to lose in BTC trading. There is a risk in BTC trading which some don't know until they enter to experience some losses before they will learn from their mistakes which they will not repeat the same thing again.

Learn before using money to buy BTC to trade, because your knowledge will direct you to do the right thing that will make other traders to respect you for the results you are achieving from BTC trading. When you have the knowledge there is no how scammers will succeed, because it will be easy for you to indicate them not to fall victim.

Everyone who is opting to go for trading must fully understand the risk associated with trading otherwise it will be difficult for him to handle the wild fire of trading. The main difference between trading and long term investment is the risk. Risk in long term investment is way less compared to trading. First do all the necessary work on how to handle the risk associated with trading before you start doing it. Trading looks very easy from stories of traders but its a tough field and you feel it only when you jump with your real cash.  

[ChocolateBitcoinK]

To avoid end up in this kind of situation, invest only on your discretionary income, and be aware of all the risks associated with investing in bitcoin. Scams are very rampant with bitcoin, so if you are blindly investing, and only rush to invest seeking for quick profits, then most likely you will definitely fall as the new victim in the long run.

And ask yourself if you are really prepared for the future losses, otherwise don't bother investing with bitcoin.

I agree with you. To invest successfully in Bitcoin, you must have the mindset to accept not only the possibility of profit, but also the potential loss. Bitcoin will never bring you profit in a parallel path, it moves with volatility, due to which there may be instability in you due to the influence of emotions and greed, and this can be a harmful reason for investment.

Those who enter the market without sufficient research or under the influence of greed hoping to get rich quickly, often cannot accept volatility, their investment is likely to be damaged in various ways due to greed and emotion, but in this case, those whose mentality is already stable, can easily overcome volatility and remain stable in continuous investment.

So before investing, learn yourself, understand the risks, the success of investment is not guaranteed, so only invest extra money that you do not need in your any specific work and maintain a long-term perspective.

[Pandorak]

Investment is not an do or die event , that’s why I always tell folks to invest according to their budget . To avoid and prevent scenarios like this , because many has ended their lives like this especially those that are into meme trading those that focus on shitcoins .

The best way to invest is to make your research (don’t rush anything) , look for solid projects to invest in like BTC and try to invest in it and take your time to build a portfolio in it .

That’s exactly how it should be, to minimize risk or avoid the unintended consequences of losses, a trader or investor must always practice proper money management.

However, there are often no clear rules regarding the amount of money to be allocated for purchases, more accurately, people simply don’t care about it, assuming that investing more money will naturally lead to greater profits, that’s their expectation. The problem is that things don’t always go as planned, especially in the high risk world of investing, where everything requires careful consideration and in depth research.