Affordable Loss Check: If you lost all your crypto holdings right now, how would it effect you?

Everyone knows the golden rule of crypto, right?

"Only invest what you can afford to lose!"

So this post is a simple check-in for you to see where you are at with your investing.

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?

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.

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.

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.