The reason why it is always good to invest spare cash when it comes to cryptocurrency
It is so bad that at this point in time almost all cryptocurrency project are in strain. What I mean by strain is that currently the market is not friendly and at this stage it is hard to see people keying into cryptocurrency because the wrong information has been sent out already. I am always mad seeing people shouting expecially those people with cryptocurrency experience shouting the moment they noticed slight downward changes in the market. If we continue with this habit we will found ourselves chasing potential Investors away.
We should at this stage be conversant with the market and cryptocurrency at large. We should at this stage knows that cryptocurrency is designed in a way that there is rise and down, profit and loss, buy and sell, bull and bear. All what I mentioned above are the the things that made cryptocurrency what it is today. When it comes to cryptocurrency it is either we are in the bear market or the bull market, loss or gain. These are just the normal in cryptocurrency.
Considering what I just mentioned above I am always shocked and sad when I see little drop in prices of cryptocurrency shaking almost everybody and leading to so many talk. We all knows that cryptocurrency is not for the faint hearted, so when you are into cryptocurrency and there is rise in different cryptocurrency holdings you should take advantage of it because you don't knows what might happens next. Remember what goes up must comes down.
As per this post I have hinted that when it comes to cryptocurrency you should learn to always invest what you can afford to loose, they are so many reasons for it.
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No Panic: The number one thing that I do when inviting people or anybody into cryptocurrency is that I will make such person to knows that cryptocurrency is full of looses so he/she should not think that we print money here. This is an investment ground so bear it in mind that loss and gain is part of the game. With such education if such person wants to still key into cryptocurrency it shows that he/she is prepared for it. When such person keys into cryptocurrency you won't be seeing panic up and down. You will be seeing a compose human because he/she invested what he/she can loose. Now you can see the benefit why it is good to invest what you can afford to loose.
Reduces health challenges: When your cryptocurrency investment is doing bad and you knows fully well that you invested what you can afford to loose you won't be bothered about anything happening in the market and this will help put your health in good shape but imagine you invested your last cash and the market went bad, you will keep thinking about it and this will end up affecting your health. You can see why it is good never to invest money that you have use for.
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- Peace with those who introduced you into cryptocurrency: Take my very self as a case study. Remember I said above that when it comes to cryptocurrency what I always do with newbie is that before I Introduce them into cryptocurrency I always make sure that I tell them the in and out of cryptocurrency and also when it comes to investment I always guide them on what they need and how the market is all about. Sometimes I went ahead telling them what they might be expecting from the market especially the negative side. So if at the end they went ahead to invest what they can afford to loose you will see that they won't be issue with me when they start making losses from the market. This is the reason why it is good to invest spare cash when it comes to cryptocurrency.
Without much deliberation we all can see that when it comes to cryptocurrency it is good to invest cash that you knows that you won't be needing any moment soon, I tagged it spare cash. If you read through this post you should have seen the reason why I said it is vital to invest spare cash when it comes to cryptocurrency. It will do you good if you follows the reasons.
Tfame3865
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Hello friend @tfame3865.
Investing in cryptocurrencies can become very profitable is true, but people suffer from fear when facing the volatility of it, as long as we do not get carried away by panic in the market or nerves everything will go well in this market.
Crypto is highly volatile that we all know and this is why it's very important for us to invest spare money in this so that if things does not go the way we expect then also it does not affect our life much because in that case will have holding power for long period.
The crypto sphere is filled with uncertainties, irregularities and volatilities, so one has to be cautious when investing. Just like you mentioned, investing disposal cash can reduce panic attacks.
Thanks for sharing buddy
Thanks for the amazing comment I am grateful. What you said is right. The cryptocurrency space is filled with uncertainties truly.
My plan is to "create" disposable income. By donating plasma 2x a week I will gain $60+ USD that I otherwise wouldn't have ... even though it's a small investment, I plan to use it to build a diversified crypto portfolio and see how long it takes to build up to earning a living through just trades and stakes.