People are finally realizing what “Only invest what you can afford to lose” really means

“Only invest what you can afford to lose” is said so much that it often gets lost in the noise.

But this is it. This point in time is where people are seeing that their initial investment is as good as gone, at least for a while.

If you put money in crypto and you now can’t afford something you need, you put more into the market than you should have. That was a bad choice, but you can’t change the past. Instead, put your control in your future.

What does that mean? It could mean you need to build up your emergency fund. It could mean you need to stop investing in crypto entirely.

It likely means that you’re a gambler. You made a gamble with crypto and you’re down. Probably by a lot.

PLEASE take this time to understand what you did (spent way too much money) and why you did it (you were dreaming of multiplying your dollars.

Then, if you’re determined to continue investing, make a budget. Figure out how much money you need to live so that all your needs are met and your obligations are paid. Don’t forget to include those less-necessary expenses that you’re not willing to give up.

Find extra money or make sacrifices, but DON’T EVER COUNT ON THAT INVESTED MONEY COMING BACK INTO YOUR BANK ACCOUNT.