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Why you should never invest more than you can afford to lose

Why you should never invest more than you can afford to lose

All Cryptocurrencies

by COINS NEWS 56 Views

I know this post kinda goes without saying, but we are about to enter into a very volatile period globally.

Experts are warning that we are on the cusp of a 'Super bubble' popping on the stock market. Rising interest rates, overvalued stocks and even memecoins with no value skyrocketing are all indicators that this is about to happen.

This is not senseless fud, it has happened many times over the course of history and 2022 is likely to repeat that pattern.

What does this mean for us crypto holders? Well I think we are about to see red, alot of red and we are all going to lose significant amounts of money short term.

This comes back to my title, do not ever invest more than you can afford in crypto. Why? Well even if we look at bitcoins historical chart it has always been up and down.

There have been countless people who sold bitcoin early because they couldn't weather the changes because an unexpected medical bill came up, or rent became overdue. Don't be like those people in what is going to be extremely challenging times for the crypto community.

submitted by /u/Two_Pickachu_One_Cup
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