12-03-2021, 01:23 PM
Affordable Loss Check: If you lost all your crypto holdings right now, how would it
<!-- SC_OFF --><div class="md"><p>Everyone knows the golden rule of crypto, right?</p> <p>"Only invest what you can afford to lose!"</p> <p>So this post is a simple check-in for you to see where you are at with your investing. </p> <p>If you were hacked, lost your seed phrase in a boating accident or any other way of losing your crypto, how would it effect you and would you financially (and mentally) be okay?</p> <p>This is an incredibly important thing to be aware of and to keep in mind while we are getting into the can of worms which is crypto trading. </p> <p>Especially if you already have trouble managing finances, I really encourage everyone to be as aware of their situation and what would truly happen if you lost all your holdings.</p> <p>I know I would be pretty devastated from losing my holdings & I think mentally it would be hard for me. However financially I think I would be okay short term & long term.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ImLinker"> /u/ImLinker </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7mgs6/affordable_loss_check_if_you_lost_all_your_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7mgs6/affordable_loss_check_if_you_lost_all_your_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Everyone knows the golden rule of crypto, right?</p> <p>"Only invest what you can afford to lose!"</p> <p>So this post is a simple check-in for you to see where you are at with your investing. </p> <p>If you were hacked, lost your seed phrase in a boating accident or any other way of losing your crypto, how would it effect you and would you financially (and mentally) be okay?</p> <p>This is an incredibly important thing to be aware of and to keep in mind while we are getting into the can of worms which is crypto trading. </p> <p>Especially if you already have trouble managing finances, I really encourage everyone to be as aware of their situation and what would truly happen if you lost all your holdings.</p> <p>I know I would be pretty devastated from losing my holdings & I think mentally it would be hard for me. However financially I think I would be okay short term & long term.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ImLinker"> /u/ImLinker </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7mgs6/affordable_loss_check_if_you_lost_all_your_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r7mgs6/affordable_loss_check_if_you_lost_all_your_crypto/">[comments]</a></span>Kind Regards R