Current Bitcoin Price

Sunday, November 28, 2021

Don't be a fool. Never, I mean never take a loan to invest in cryptocurrencies. It is not worth the stress, your mental health and the risk of going bankrupt

The worse thing about losing money while investing in cryptocurrencies is losing money you don’t have.

The sentence that is often repeated here is “don’t invest what you can’t afford to lose".

It is absolutely not worth the risk, stress and your mental health.

Some people get lucky, but most don't. Don't be an idiot, ignore the stories where people borrowed money and managed to get it back and make some profit along the way. Those are rare ones.

Instead you should read this: "I'm thinking about the money I borrowed from my friend, even my savings, like my RRSP is gone. I just can't believe it"

"So now I'm really freaking out because I’m like $80,000 in and I really need that money"

You don't want to be those people. Invest what you can afford to lose.



Submitted November 27, 2021 at 07:34PM by UnexperiencedIT https://ift.tt/3o0PKtL https://ift.tt/2Z7cX2s

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/3HX9eHB
via IFTTT

No comments:

Post a Comment

Featured Post

BITCOIN (BTC) blockch✂️ain FORKS

πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§πŸ›‘πŸš§ Bitcoin Cash:  Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether:  Cross for...