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Economics , Sociology & Politics / Re: Re learn how to invest your money
« Last post by DrBeer on Today at 03:27:57 PM »Understanding the concept of what they are going to invest is very crucial and necessary otherwise losing one assets is inevitable especially since the market is too volatile, I mean the entire cryptocurrency market is too volatile therefore self study really matter's a lot before one should go into investment.Yeah exactly because jumping into something we don't know especially in investments is a suicide or some kind of a gambling . And doing that is double the risk of the cryptocurrency's volatile nature. If we are not that sure then I guess better not try or else losing is very possible.
Investing is, in a sense, a game. And it can be played in several ways:
- "Thoughtful". It is good to study the subject area, assess the risks, evaluate the legislation, study the investment object itself and its model.
- "Influential". This is when you have a very credible insider/ or leverage that can greatly "add value" to the investment.
- "Superficial" or "ill-conceived" is when a person chooses an investment target without the reasoning, research and other things described in the previous paragraph. He just likes this direction, he has assumptions, he assumes that it can be a good solution.
- "Gambling". A person decides to simply try his fate, almost like a kazano - to make a bet and believe that you will be lucky.
There are many more gamblers - but they are all a mixture of the above.