12-06-2021, 09:00 AM
There’s a reason people say “Don’t invest more than you can afford to lose”
<!-- SC_OFF --><div class="md"><p>From someone who had a tough rough in with a gambling addiction in my past, it genuinely scares me when I see people throwing everything they own and the kitchen sink into crypto.</p> <p>Not investing more than you can afford to lose, allows you to remove any emotional attachment you have with crypto. You should realistically be able to look at your entire portfolio, and say that if it went all went tits up and dropped 99% overnight, you’d still be fine in the morning. </p> <p>If you can come into this highly volatile market with an actual plan/strategy, you will be much better off 5-10 years down the line. There are many safe investment strategies, with DCA being the most popular amongst them. </p> <p>If you’re not afraid of losing your crypto, you won’t be afraid of HODLing it. You won’t panic sell at a loss, you won’t convert to coins that are currently pumping. All in all, you’ll be in a better place if you’re not over-exposed.</p> <p>Trust me, once you go balls deep into the rabbit hole, you’ll find yourself trying to catch the next Doge, the next SHIB, etc. & trust me, you won’t.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Hopeful_Bus_2815"> /u/Hopeful_Bus_2815 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9sby9/theres_a_reason_people_say_dont_invest_more_than/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9sby9/theres_a_reason_people_say_dont_invest_more_than/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>From someone who had a tough rough in with a gambling addiction in my past, it genuinely scares me when I see people throwing everything they own and the kitchen sink into crypto.</p> <p>Not investing more than you can afford to lose, allows you to remove any emotional attachment you have with crypto. You should realistically be able to look at your entire portfolio, and say that if it went all went tits up and dropped 99% overnight, you’d still be fine in the morning. </p> <p>If you can come into this highly volatile market with an actual plan/strategy, you will be much better off 5-10 years down the line. There are many safe investment strategies, with DCA being the most popular amongst them. </p> <p>If you’re not afraid of losing your crypto, you won’t be afraid of HODLing it. You won’t panic sell at a loss, you won’t convert to coins that are currently pumping. All in all, you’ll be in a better place if you’re not over-exposed.</p> <p>Trust me, once you go balls deep into the rabbit hole, you’ll find yourself trying to catch the next Doge, the next SHIB, etc. & trust me, you won’t.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Hopeful_Bus_2815"> /u/Hopeful_Bus_2815 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9sby9/theres_a_reason_people_say_dont_invest_more_than/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9sby9/theres_a_reason_people_say_dont_invest_more_than/">[comments]</a></span>Kind Regards R