You are viewing a single comment's thread from:

RE: what does "don't invest what you can't afford to totally lose" mean?

in #bitcoin7 years ago

One should allways be carefull about how to invest. It seems like nobody really knows how this market works jet. That being said, have been looking into the stock market the last couple of days - trust me - trading crypto is so much cheaper and "easier" to do then to trade stock (barrier to entry) - skill is still a requirement, but if you ever wanted to try and trade stock, spending a little on doing the same thing in crypto could be a great experience I think.

Sort:  

If the first rule of investing is don't lose money, then if nobody understands how the crypto market works it is hard to characterize that as investing.

You mention trading crypto is easier than trading the stock market. Not sure I agree. Getting an online account open at a broker is as easy, and more predictable for timing than getting a coin exchange account open.

But the real question- why reference trading? Trading and investing are two different topics.