11-16-2021, 09:21 PM
Are You Still Following The "Only Invest In Crypto What You Can Lose" Rule?
<!-- SC_OFF --><div class="md"><p>Everyone knows the first rule of crypto is "only invest what you feel comfortable completely losing." I certainly started out following that rule and was terrified of putting in too much money (or telling my wife I had anything invested in crypto for that matter). Over the past few months I've noticed that I seem to only apply that to investments in non-blue chips. Don't get me wrong, I won't have to sell my house if the market crashes and I don't mess with leverage, but I just don't feel like BTC/ETH/LINK and a few others (probably ALGO, maybe Moons) are at a very high risk of going to zero.</p> <p>It may be stupid or naïve of me, but it feels like there's so much more institutional support and news coverage for the big names than there used to be that a 100% loss on those couple of coins feels unlikely. I'm still following the old rule for ERG/MATIC/ONE/TIME/etc. though. Is anybody else doing this too? Am I just an idiot who's on a path that leads to selling both kidneys? I understand the audience that's going to read this, but I'm here for the confirmation bias, not sound financial advice.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/123uga"> /u/123uga </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qur83l/are_you_still_following_the_only_invest_in_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qur83l/are_you_still_following_the_only_invest_in_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Everyone knows the first rule of crypto is "only invest what you feel comfortable completely losing." I certainly started out following that rule and was terrified of putting in too much money (or telling my wife I had anything invested in crypto for that matter). Over the past few months I've noticed that I seem to only apply that to investments in non-blue chips. Don't get me wrong, I won't have to sell my house if the market crashes and I don't mess with leverage, but I just don't feel like BTC/ETH/LINK and a few others (probably ALGO, maybe Moons) are at a very high risk of going to zero.</p> <p>It may be stupid or naïve of me, but it feels like there's so much more institutional support and news coverage for the big names than there used to be that a 100% loss on those couple of coins feels unlikely. I'm still following the old rule for ERG/MATIC/ONE/TIME/etc. though. Is anybody else doing this too? Am I just an idiot who's on a path that leads to selling both kidneys? I understand the audience that's going to read this, but I'm here for the confirmation bias, not sound financial advice.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/123uga"> /u/123uga </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qur83l/are_you_still_following_the_only_invest_in_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qur83l/are_you_still_following_the_only_invest_in_crypto/">[comments]</a></span>Kind Regards R