Quick Refresher: my 2 Key Rules (Patreon)
Content
RULE #1: PRESERVE CAPITAL
RULE #2: GROW CAPITAL
Speculating is not investing. There are too many people focusing on throwing money around the ShCoinCasino - pls only do that if you can afford to lose it all.
The main difference between speculating and investing is the amount of risk involved. You can speculate with a small slither of your net worth. Investors focus on generating a satisfactory return on their capital by taking on an average or hopefully below-average amount of risk. Speculators are seeking to make abnormally high returns from bets that have a small chance of winning - but rem Math will win. The odds are against you. Akin to buying a lottery ticket.
Pls bear this in mind when investing. Trust me I take risk but it is a calculated risk. Crypto is very risky. Stocks are very risky. Be safe out there everyone.