Putting All Your Money in Crypto Isn't Wise
Investment is no doubt one of the best thing to make your wealth and also to build your future career regarding wealth status.
But it now does not mean that you invest all of your income and saving in the market for the wealth growth.
One of my friend asked me that everything I earned from my job. I am going to invest in crypto.
I reply him with the simple answer. That is "NO" you don't make this mistake.
Because investment is done with the money, which is your extra cash and that does not disturb your financial life
No doubt investing a portion of your amount in crypto, stock or any other market is very good idea. But only with those money which are free and you will not be affected by the use of that money.
This is because every Market has its own risk, especially if we talk about cryptocurrency. It's a very risky Market which can certainly make you gain a lot, but can also make you lose a lot.
Therefore it is always better to invest the portion of your amount, which you do not need anymore or which does not disturb your financial life.
Also don't invest in a manner that keep you invested all the life but invest within the cycles of the time period where you can grab good and huge benefit.
What do you people think investing all the amount is a wise decision or not? will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
Thank You!
Best Wishes.
Posted Using InLeo Alpha
I have to agree with you, people overlook risk almost every time just because people hit it big from such sources. Most investment funds are saved up funds aside the emergency fund, or a little bit extra income, don't ruin the quality of your life to get rick quick, getting rich in real terms no matter the profitability index is high, Is all compounding, a fleet success will lead you to a deadly end. Thanks for sharing
I guess 5% of the gross max should be invested in crypto if not you are a professional trader in crypto. Generally its never correct to spend real assets into the "volatile market" that can cause a great distress financially later.
So I wouldn’t point to that. But all comes down to personal decisions and choices.
This is so true. One time, my one week wage, I bought cprx of Abra, ugh, I never got it back. It's so unwise indeed. Learned my lesson.
This is totally unfair, injustice with your hard work, money you earn with physical job should be used in Better way, if you're 💯 sure that you'll not lose that in crypto you can do invest in crypto, but still not with full.
20% is enough