11-02-2021, 05:25 PM
Y’all are investing money that you can afford to lose, right? …..right?
<!-- SC_OFF --><div class="md"><p>Pumptober has been a beautiful sight to see. Coins pumping left right and centre thanks to Big Daddy Bitcoin making a new ATH!</p> <p>It’s very easy to feel the fear of missing out (FOMO) when you see astronomical gains across the charts. It’s risky to chase a pump but sometimes we do it just for the thrill of it - and that’s okay…as long as the money we are investing is something we can actually afford to lose!</p> <p>When I say “lose” I mean literally turning your $100 into $0. </p> <p>Crypto is a ridiculously volatile market and although it’s not uncommon to see 10x or even bigger gains, it’s even more common to see people lose all or a large chunk of their money. <strong>Cough</strong> Suid Game <strong>Cough</strong></p> <p>I see it a lot in the daily, people taking loans out or over-investing their savings into a project — this is a huge risk because nobody knows what’s around the corner. </p> <p>I honestly couldn’t care less what coin you want to invest in, or even whether you’re going to do research first or not - but if you’re going to be investing, make sure your bills are paid; there’s food in the fridge; and that even after you’ve deposited in, that there’s still fiat aside for random emergencies. </p> <p><strong>Anything</strong> can happen. Be prepared!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Environmental_Point3"> /u/Environmental_Point3 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ql0rdc/yall_are_investing_money_that_you_can_afford_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ql0rdc/yall_are_investing_money_that_you_can_afford_to/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Pumptober has been a beautiful sight to see. Coins pumping left right and centre thanks to Big Daddy Bitcoin making a new ATH!</p> <p>It’s very easy to feel the fear of missing out (FOMO) when you see astronomical gains across the charts. It’s risky to chase a pump but sometimes we do it just for the thrill of it - and that’s okay…as long as the money we are investing is something we can actually afford to lose!</p> <p>When I say “lose” I mean literally turning your $100 into $0. </p> <p>Crypto is a ridiculously volatile market and although it’s not uncommon to see 10x or even bigger gains, it’s even more common to see people lose all or a large chunk of their money. <strong>Cough</strong> Suid Game <strong>Cough</strong></p> <p>I see it a lot in the daily, people taking loans out or over-investing their savings into a project — this is a huge risk because nobody knows what’s around the corner. </p> <p>I honestly couldn’t care less what coin you want to invest in, or even whether you’re going to do research first or not - but if you’re going to be investing, make sure your bills are paid; there’s food in the fridge; and that even after you’ve deposited in, that there’s still fiat aside for random emergencies. </p> <p><strong>Anything</strong> can happen. Be prepared!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Environmental_Point3"> /u/Environmental_Point3 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ql0rdc/yall_are_investing_money_that_you_can_afford_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ql0rdc/yall_are_investing_money_that_you_can_afford_to/">[comments]</a></span>Kind Regards R