CRITICAL WARNING đš NEVER INVEST YOUR ENTIRE SALARY IN CRYPTO
A close friend of mine recently, after seeing my consistent profits, said, âIâm thinking about putting all my earnings into crypto!â While it may sound tempting, this is one of the fastest ways to drain your savings and leave yourself financially vulnerable. Making such a decision without proper risk management is a risky move that can lead to severe financial setbacks.
It's smart to allocate a portion of your income towards crypto and other investments, but never put all, or even most, of your earnings into such a volatile market. Cryptocurrencies have incredible potential for profit, but they come with high risk.
Markets can swing dramatically, and investing too much in crypto often leads to emotional, panic-driven decisionsâresulting in poor outcomes. The key is balance. Keep enough liquidity on hand to weather any unexpected downturns.
During the last bull run, I saw many people over-invest in crypto, only to lose the equivalent of 4 to 10 months' worth of salary. Their mistakes? Buying into hype-driven peaks and selling in panic-driven dips.
By staying balanced and not over-committing, you can avoid the emotional rollercoaster that causes poor financial choices. Remember, the goal is long-term sustainability, not quick, unsustainable gains.
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