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Message: [QUOTE="Travelman6, post: 3973136, member: 7597"] Isn't the general rule of thumb of investment, especially when new to it, to only invest what you aren't afraid of losing? Doubly, maybe even triply so with CC seeing as how volatile it is. You hear of these guys turning 250k life savings into 2.5 million via dogecoin or something like that but those stories are so rare and incredibly risky. Plus there are also those guys who pay 10k BTC for a pizza and kick themselves a decade later, or the many in the middle who just even out, give or take a k or two, over the course of time. Too many people are impatient too. My gf, well, her brother invested a few years ago. The next day there was something similar to what happened yesterday and he took everything out immediately in a panic. I think a lot of people do that. I invested in it keeping in mind what I mentioned in the first sentence, I am going to play the long game regardless of trends like yesterday. Plus, study the coin you are investing in, at least a little, and what real-world niche does it fill, or what real-world function does it actually have? My gf wanted to get into CC. She asked how much I thought she should invest. "What amount could you invest and, if you were to lose it all, walk away without it being a big deal?" Obviously, the goal is not to lose it all and to hopefully gain. But by thinking of it that way, she came to the conclusion that she could risk 200 euros, at least for the time being and not feel like there was any chance of losing sleep regardless of what happens. [/QUOTE]

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