Invest What You Can Loose
Cryptocurrency is for everyone but not everyone can invest. The situation of people having high blood pressure and sometimes suicide over cryptocurrency is because cryptocurrency is not for them while those who understands the cryptocurrency market and can wait for a very long time until the time they know they can recover the money used for their investment are those cryptocurrency is meant for.
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Cryptocurrency is a very nice business to venture but the situation is that no one should invest what he or she is not ready to loose. Many people say bad things about cryptocurrency is because they fail to understand how to deal with that word.
From time to time, cryptocurrency has dealt with so many people and some even lose their life after discovering that the money they used in investing a particular cryptocurrency is worthless due to volatility.
Cryptocurrency has caused high blood pressure to people this is because they invest what they're not ready to loose. Before anyone can think of buying and holding a particular cryptocurrency, he or she must be willing to invest what he or she is ready to loose. You're not supposed to invest your family money or the one giving to your to hold by your association, organization, group, or any money not belonging to you. Even when you're a business man or woman, you only invest in cryptocurrency the profit you made from your business so that if it becomes worthless due to cryptocurrency volatility you'll not have a high blood pressure.
Cryptocurrency can cause suicide due to the fact the person invested what he or she is not ready to loose. When a person invest all his business money including savings or borrowed money to invest in cryptocurrency and there's volatility, it can lead to suicide because some can't afford to pay back the money they borrowed to invest.
Those who invested or keep all their money in cryptocurrency are doing the biggest mistakes because if such huge investment is scammed by cybercrimes, it can lead to suicide. The best is investing what you own and ready to loose anytime.
Cryptocurrency also lead to confusion when one is not properly informed about a particular cryptocurrency before investing. They're people who get confused on the type of cryptocurrency to invest and when they're not properly informed and they invest, the consequences can affect they mental well-being.
Cryptocurrency has caused so many people to lack concentration over what they do. This set of people is said to be addicted about cryptocurrency. When they invest, they keep checking over and over through the phone, laptop to know what the cryptocurrency market is recording. Following such method can make one lack concentration in anything. It can also lead to bad decisions about the cryptocurrency market. By the time the person keep steady eyes on the cryptocurrency market without following the chart, he or she can make wrong decision by investing wrongly. Such person has lacked concentration about his life and cryptocurrency.
Conclusion: People must ensure that they know a little about cryptocurrency before talking about how to invest. Before investing in any cryptocurrency, the person must understand the litepaper of that cryptocurrency and have other knowledge to avoid moon and dump. A person must be willing to invest what he or she is ready to loose.
Posted Using InLeo Alpha
Well said. Invest what you can afford to loose. A paper calculation of the risks and estimated loses will help to prepare the mind for the unexpected losses.
Yes friend
This should be taken into consideration. you are right. the article was nice
People are going through a lot about cryptocurrency and need ways to deal with such.
Exactly 🎉
Cryptocurrencies may be suitable for some investors but not for all, especially those who cannot afford to lose their investments.
Investing critical or borrowed funds in cryptocurrencies due to their volatile nature can lead to severe emotional and financial consequences, including stress.
Your emphasis on researching and understanding cryptocurrencies well before investing is the first step for those new to this world.
Cryptocurrency is a very nice business but should be followed with caution.
That's the way!