Invest only what you afford to lose

@yugocean (9965)
India
February 23, 2018 11:58am CST
This is a wise thought, and yes this is what one have to understand. Invest only what you afford to lose People are spending their savings in cryptocurrencies. Berkshire Hathaway’s chairman Warren Buffet warned against this, now Ethereum blockchain co-founder Vitalik Buterin has also warned people about throwing their life savings into virtual currencies. According to reports, some people are impersonating Buterin on Twitter in order to defraud others of their Ethereum, so he is deeply annoyed. The cryptocurrency market is largely unregulated market which has undergone multiple crashes and where criminal hacks wiped off billions of investors’ money. So whatever your place to invest is, Invest only what you afford to lose.
7 people like this
5 responses
AKRao24
@AKRao24 (27424)
• India
23 Feb 18
I never tried in such investments in my life ! I just invest in Government projects which may give me less interest but my hard earned money is always safe with the Government! And I also the draw the satisfaction my money invested is being used by the Government for the welfare of the society and the Country! Thanks dear @yugocean!
4 people like this
yugocean
@yugocean (9965)
• India
23 Feb 18
Thanks for respond. Government for the welfare of the society and the Country, this is best;and money is safe too. But not every time as many times corrupt people take money there too; Even PSU's can be something.
3 people like this
AKRao24
@AKRao24 (27424)
• India
23 Feb 18
But then what's so ever happen but our investments are always safe as Indian banking system is entirely different from the banking systems of the World dear friend @yugocean ! Thanks!
3 people like this
vanny
@vandana7 (98827)
• India
23 Feb 18
You can invest something in mutual funds. They give decent returns.
3 people like this
DianneN
@DianneN (246836)
• United States
27 Feb 18
I agree, and that goes for any purchases in the market or elsewhere.
2 people like this
yugocean
@yugocean (9965)
• India
27 Feb 18
Have you ever invested in any site?
1 person likes this
yugocean
@yugocean (9965)
• India
27 Feb 18
@DianneN Maybe you will, this is digital world now, so everything is becoming digital. We have to learn. But financial advisors will remain.
2 people like this
DianneN
@DianneN (246836)
• United States
27 Feb 18
@yugocean Many times with our financial advisors. I'd never do it alone or online. I'm not savvy enough.
2 people like this
Michelle
@infatuatedbby (95001)
• United States
24 Feb 18
That would be wise.But I don't invest anyway too risky :)
1 person likes this
Michelle
@infatuatedbby (95001)
• United States
1 Mar 18
@yugocean Yes but low investment is what I consider. Like buy low, sell high.... if possible.
2 people like this
yugocean
@yugocean (9965)
• India
1 Mar 18
@infatuatedbby Thats is the only real investment.
2 people like this
yugocean
@yugocean (9965)
• India
24 Feb 18
Sometimes we have to invest.
2 people like this
LK2018
@Letranknight2015 (51523)
• Philippines
23 Feb 18
I don't know, they might gave in soon like the bitcoin.
2 people like this
yugocean
@yugocean (9965)
• India
23 Feb 18
gave in for what?
1 person likes this
Aniko Online
@anikoonline (3250)
• Hungary
24 Feb 18
I don't know too much about cryptocurrency market and I think that I won't study this. Your advice is very wise.
1 person likes this
yugocean
@yugocean (9965)
• India
24 Feb 18
Today's time is digital, tomorrow may be digital currency will rule; it is uncertain, but cannot be ignored.
1 person likes this
Aniko Online
@anikoonline (3250)
• Hungary
24 Feb 18
@yugocean Yes, you are right, I should change my views about cryptocurrency.
1 person likes this
yugocean
@yugocean (9965)
• India
24 Feb 18
@anikoonline start earning, ask if I may guide you.
1 person likes this