What is Wrong With the Invest Only What You Can Afford To Lose Mindset?

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·@tpkidkai·
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What is Wrong With the Invest Only What You Can Afford To Lose Mindset?

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In few months, a vast increase of people has joined the bandwagon on investing in crypto-currency, especially in the play-to-earn environment in the blockchain. I am also one of those people who joined some of the newly developed games released recently. 

But as new programs, got released each day not all of the said play-to earn sites stays true to what it claims to be. The majority of the games released are still in the alpha and beta phases. Bugs are rampant, maintenance and extended downtimes are expected each time that the game is played. For someone that had invested their hard-earned cash, it would be frustrating to learn that your money is not growing instead, it is on the verge of losing.  

People blurt out their concerns on their social media account. I have seen numerous posts about their worries of the possibility that the program they joined might be a bogus project.  The usual response that I am seeing is "invest only what you can afford to lose".  

As a reader, it doesn't help ease the fear that the person is experiencing and for me, I think this mindset is wrong. 

Let us first try to understand what the word "invest"  means according to a google result.
> expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.

Based on it, the means that we spend money with the expectation of achieving a profit. It is true that when you invest in anything we are expecting a return in the future.  Now going back to the word "afford to lose" somehow, indirectly you are saying that you do not need the money that you had invested at all. Which is not true!  The reason why you had placed your money there is that you are expecting a return and not throwing it away. 

All investments have risks keep that in mind before we sign or buy anything that you consider an investment. When you are prepared to lose your money in an investment somehow it feels that you are just gambling where the odds of winning are low. 

Aside from that we also have the DYOR comments. The funny part of this is some people who post their remarks saying do your own research are the ones who are posting good stuff about the program creating hype. It is easy to point out that we should do our research better and put the blame on the person being scammed by the program but what about accountability? Aren't we accountable as well because we share that "wonderful opportunity" with people? This is also the reason why I don't post anything related to crypto aside from Hive-related stuff on my wall. I do not want to be accountable to people if ever that they placed their money to the sites where I placed some of my money. 

My final thoughts on this are when we invest - invest in what you believe in for the long term. Moderate your greed and if you already have your return of investment take your investment and only use the earnings. Always be wise and never - ever jump in the band-wagon without properly doing research on what you will be into. 



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