Invest what you can afford to loose

[Stardom22]

How do you understand the above mentioned phrase? I remember that phrase is oftenly used the gamblers to control the risk levels while betting on the online sport events or the lottery. That's because the winning depends on the ones lucky.
Unfortunately in the cryptocurrency world the same phrase is being used to control the risk levels too.
So my question is that, do you see the trading/ investing in the cryptocurrency as gambling venture?
?

 

[magnus2022]

Business is risk. Investment is equally a risk, so is also gambling. But smart business owners and entrepreneurs do a lot of research before investing. Secondly, they don't put all their investment in one basket. They do diversified their investment.

 

[Webster]

How do you understand the above mentioned phrase? I remember that phrase is oftenly used the gamblers to control the risk levels while betting on the online sport events or the lottery. That's because the winning depends on the ones lucky.
Unfortunately in the cryptocurrency world the same phrase is being used to control the risk levels too.
So my question is that, do you see the trading/ investing in the cryptocurrency as gambling venture?
?

Its' a basic rule: never invest more than you are willing to lose.
Its' just like gambling - never gamble more than what you are willing to lose if your gamble goes wrong.

 

[Fidelia]

Its' a basic rule: never invest more than you are willing to lose.
Its' just like gambling - never gamble more than what you are willing to lose if your gamble goes wrong.

Would you identify crypto investments as a gambling in the real essence of the gambling world? People should only invest what they can lose in crypto.

 

[SHAHID987]

This theory is perfect, especially for the beinger. Some people get extra money from some sources, and due to some pressure or some other reason they spend all money, so when they face lost then it becomes much more.

 

[kerryjoy]

Investing in cryptocurrencies involves risks similar to gambling, but it also requires research and analysis to make informed decisions. It's crucial to manage risks wisely and only invest what you can afford to lose.

 

[mrki444]

You can lose what you earn here so invest this money. You can always consider stake programs as invest. Facuetpay microwallet offers stake programs whicha are legit.

 

[King Belieal]

Look at your tolerance level for risks. That would help to determine how much you can afford to lose. And invest just that range. It is same for stocks and other investments.