06-03-2021, 02:21 AM
When people tell you: "Only invest what you can afford to lose". Listen to them!
<!-- SC_OFF --><div class="md"><p>When people tell you, only invest what you can afford to lose, listen to them. </p> <p>People will take their life savings and buy crypto, only to sell it at a loss because they need the money for something else. This isn't money you can afford to lose.</p> <p>Can you be without that money for years? Do you have money saved in case of an emergency separate to your crypto? Are you planning on investing long term?</p> <p>If the answer is no to any of these then you probably cannot afford to lose this money and probably shouldn't be investing it. </p> <p>Fully expect to be in the red for months or even years when investing in crypto. If you may need the money in that time, don't invest it! </p> <p>I absolutely love pumping more money into crypto, but I also make sure there will be no reason I need to take that money out! </p> <p>Hope this little piece of advice helps at least one person avoid losing money!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/EmWoo82"> /u/EmWoo82 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nqi4nb/when_people_tell_you_only_invest_what_you_can/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nqi4nb/when_people_tell_you_only_invest_what_you_can/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>When people tell you, only invest what you can afford to lose, listen to them. </p> <p>People will take their life savings and buy crypto, only to sell it at a loss because they need the money for something else. This isn't money you can afford to lose.</p> <p>Can you be without that money for years? Do you have money saved in case of an emergency separate to your crypto? Are you planning on investing long term?</p> <p>If the answer is no to any of these then you probably cannot afford to lose this money and probably shouldn't be investing it. </p> <p>Fully expect to be in the red for months or even years when investing in crypto. If you may need the money in that time, don't invest it! </p> <p>I absolutely love pumping more money into crypto, but I also make sure there will be no reason I need to take that money out! </p> <p>Hope this little piece of advice helps at least one person avoid losing money!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/EmWoo82"> /u/EmWoo82 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nqi4nb/when_people_tell_you_only_invest_what_you_can/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nqi4nb/when_people_tell_you_only_invest_what_you_can/">[comments]</a></span>Kind Regards R