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Expect to lose the amount of money that you expect to make when investing

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by COINS NEWS 87 Views

Since a lot of people don't listen to "Don't invest more than you can afford to lose", and invest a significant portion of their money in Crypto, I think this is an advice everyone should keep in mind, so as not to be shocked when they lose a significant amount or act with their emotions in a market as volatile as this.

If you expect to double your money, if you invested because of this possibility, keep in mind that you can also lose 50% of your money.

I would all advise against investing more than you can afford to lose really, but if you have, acting with emotions and selling everytime it goes down a little or FOMOing into projects will help you not lose more money.

You FOMO and watch the prices go down, and sell when you've already lost a lot, it rarely works.

It also balances out your decisions when you understand that you can also lose the same amount, and you might end up not even wanting to invest the same amount. Because most of the people only think of the amount of money they can make, forgetting the amount of money they can lose.

submitted by /u/Elie0_0
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