There’s deeper wisdom to not investing more than you can afford to lose

Ticker

1 BTC = $35715.13 USD  (via Coinbase)
1 ETH = $2232.43 USD  (via Coinbase)
1 LTC = $157.85 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

I recently entered Bitcoin with $92 and was and am fine with losing it all. I don't care. I'm also committed to hodling for a long time. Having some skin in the game has given me time to think more about it.

I was thining about the advice to not invest more than you can afford to lose. In addition to its basic logic, I realized that this is also about fostering the right mindset for smart investment decisions. If you've put your savings into Bitcoin, you'll probably be much more afraid of it losing value, so be more likely to panic sell at the wrong time and lose a lot. If you aren't worried about losing it, you'll be calmer and able to see the benefit of riding out the risk of loss for possible future gains.

submitted by /u/metallicsecurity
[link] [comments]

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $35715.13 USD  (via Coinbase)
1 ETH = $2232.43 USD  (via Coinbase)
1 LTC = $157.85 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

Leave a Reply