06-23-2021, 01:56 PM
People are finally realizing what “Only invest what you can afford to lose” real
<!-- SC_OFF --><div class="md"><p>“Only invest what you can afford to lose” is said so much that it often gets lost in the noise. </p> <p>But this is it. This point in time is where people are seeing that their initial investment is as good as gone, at least for a while. </p> <p>If you put money in crypto and you now can’t afford something you need, then here’s the truth: you put more into the market than you should have. You invested more than you could afford to lose. </p> <p>That was a bad choice, but you can’t change the past. Instead, take control of your future. </p> <p>What does that mean? It could mean you need to build up your emergency fund. It could mean you need to stop investing in crypto entirely. </p> <p>It likely means that you’re a gambler. You made a gamble with crypto and you’re down. Probably by a lot. </p> <p>PLEASE take this time to understand what you did (spent way too much money) and why you did it (you were dreaming of multiplying your dollars). </p> <p>Then, if you’re determined to continue investing, make a budget. Figure out how much money you need to live so that all your needs are met and your obligations are paid. Don’t forget to include those less-necessary expenses that you’re not willing to give up. </p> <p>Find extra money or make sacrifices, but DON’T EVER COUNT ON THAT INVESTED MONEY COMING BACK INTO YOUR BANK ACCOUNT.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/jazzhands1"> /u/jazzhands1 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5ngue/people_are_finally_realizing_what_only_invest/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5ngue/people_are_finally_realizing_what_only_invest/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>“Only invest what you can afford to lose” is said so much that it often gets lost in the noise. </p> <p>But this is it. This point in time is where people are seeing that their initial investment is as good as gone, at least for a while. </p> <p>If you put money in crypto and you now can’t afford something you need, then here’s the truth: you put more into the market than you should have. You invested more than you could afford to lose. </p> <p>That was a bad choice, but you can’t change the past. Instead, take control of your future. </p> <p>What does that mean? It could mean you need to build up your emergency fund. It could mean you need to stop investing in crypto entirely. </p> <p>It likely means that you’re a gambler. You made a gamble with crypto and you’re down. Probably by a lot. </p> <p>PLEASE take this time to understand what you did (spent way too much money) and why you did it (you were dreaming of multiplying your dollars). </p> <p>Then, if you’re determined to continue investing, make a budget. Figure out how much money you need to live so that all your needs are met and your obligations are paid. Don’t forget to include those less-necessary expenses that you’re not willing to give up. </p> <p>Find extra money or make sacrifices, but DON’T EVER COUNT ON THAT INVESTED MONEY COMING BACK INTO YOUR BANK ACCOUNT.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/jazzhands1"> /u/jazzhands1 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5ngue/people_are_finally_realizing_what_only_invest/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5ngue/people_are_finally_realizing_what_only_invest/">[comments]</a></span>Kind Regards R