THERE’S ALWAYS RISK INVOLVED
The thing to always remember when dealing with crypto is that there’s no sure thing with regards to investing; there is always going to be a risk that you’re taking on. Even if you are pretty confident that things will play out exactly like you think they will, there is still an inherent risk.
Those abiding on the bullish side of life can make the case that we’ve already hit rock bottom with BTC and they will remain confident that it’s on the climb. Sometimes, however, we find out that rock bottom really does have a basement! Who knew? 😳 On the other hand, those abiding on the bearish side of life are confident that BTC can and will go lower still, and they are prepared for it. In my opinion, it’s not a bad idea to keep some cash on hand, just in case the markets move lower than you think they will. There’s never certainty in the markets.
A lot of people have gotten burnt in the past, but also a lot of people have made a lot of money too, so there’s that! This blog post is just to cause us all to have the frame of mind that there is a lot of risk involved but there also is the potential to make huge sums of money as long as we do our due diligence, and follow the leading of the Holy Spirit.🙌🏾
Losing all you have is the worst-case scenario and shouldn’t happen because there should never ever be a time when we are investing all that we have. We are investing only what we can afford to lose. No one should be investing or trading with their mortgage or rent money, with their food money or bill money. No one. This is an extremely important aspect to consider when navigating the cryptoverse!
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Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.