Investing teaches you things.

Shri

In the cryptocurrency market, some people lose money while others make profits! Along my investment journey, I've realized a few important points that I'd like to share with everyone.

One crucial idea is to only invest an amount of money that you can afford to lose when dealing with high-risk investments. If you look at what happened in the past few days, some people ended up heavily in debt overnight, mainly because of using high leverage. Leverage can be both advantageous and detrimental, introducing higher potential risks. You must carefully consider whether, in the event of liquidation after using high leverage, you have the capacity to bear the resulting losses.

Another point that I find often overlooked, especially when witnessing profits, is forgetting the principle of "high risk, high reward." The higher the leverage, the more significant the impact on market changes, and the faster the liquidation can occur. Therefore, it's crucial to manage your positions effectively and implement comprehensive risk management strategies.

Niti998

Don't do what you're not familiar with, don't participate in what you don't understand.

Jiten171

This is something investment enthusiasts can still give it a try.