MultiversX Tracker is Live!

You should consider all money invested in crypto already lost. Better to be happily suprised than dissapointed.

All Cryptocurrencies

by COINS NEWS 163 Views

Before you invest any money in crypto say goodbye to them, at least I until you will make profits. Sit and tell yourself you lost all those money. What is your reaction? If you think it would be terrible or that it won't ever happen it mean you overinvested.

Ofc everyone would be angry if they would lose few hundreds and thousands dollars, but ask yourself- would it ruin just your day or your whole life? I yesterday accidentaly lost $2. Just mere $2, I was angry, cause it was my own stupidity and I hate losing, but now I am fine, not money that would ruin anything. The same would be with losing my crypto investments. I would be furious for some time and it is natural, but by no means my life would change for worse. I would be the same person with the same lifestyle. Only think hurt would be my male pride. If you would have debts or be homeless after losing all your invested money you are literally gambling your savings and security of your family away. It is irresponsible, selfish and dumb. Not act suprised if your whole life will fail one day cause of it. Victims of Luna or Celsius though everything will be fine once too. Some of them ruined future of their kids or even commited suicides. It is dark as heck and brutal comparation, but you must always imagine the worst case scenario.

You invested $100? What $100? You invested $10k? You have $10k less. Not "Just in case I can took my money back", cause it can be impossible. Covid, war in ukraine, huge inflation, crisises in 1929 or 2008. Do you think those people were able to predict market crashing? Nope. That is why you should NEVER rely on future profits, never even think that you will get your investment back. Your stocks or crypto can fall overnight. Too many people ruin their future by overinvesting and not understanding consequences of their actions.

Always have some money saved, I do not even talk about months of salary cause I know times are bad and not everyone is rich to save their 6 months or yearly salary before investing. But at least have some savings, idk buy gold or silver so inflation won't eat them. Also never imvest in just one project and try to diversify between different investments, not only crypto. Do not think you can put all your money into crypto now cause it is bear market and double it in just few months. You will most likely fail and your money in good scenario will be blocked untill end of bear market that most likely will come in 2 years. Invest as much you can without losing financial stability and forgot about those money. They are not yours anymore until they will pump enough to take profits.

TL;DR: Invest only what you can afford and even those money treat as thrown away. Better to be happily suprised than dissapointed and financially ruined by overinvesting.

submitted by /u/Nuewim
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments