When people tell you, only invest what you can afford to lose, listen to them.People will take their life savings and buy crypto, only to sell it at a loss because they need the money for something else. This isn't money you can afford to lose.Can you be without that money for years? Do you have money saved in case of an emergency separate to your crypto? Are you planning on investing long term?If the answer is no to any of these then you probably cannot afford to lose this money and probably shouldn't be investing it.Fully expect to be in the red for months or even years when investing in crypto. If you may need the money in that time, don't invest it!I absolutely love pumping more money into crypto, but I also make sure there will be no reason I need to take that money out!Hope this little piece of advice helps at least one person avoid losing money!
Submitted June 02, 2021 at 04:51PM
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