Investment in cryptocurrencies or their trading seems to be a great idea, but we need to be realistic to avoid issues.
I have a full-time job, and I have never thought of leaving it to become an online trader. The only reason is that such investments come with a lot of risks.
Obviously, we trade with our hard-earned money, and nobody can afford to lose a lot, especially when he or she does not have any experience in trading cryptocurrencies.
Ask yourself: is it worth the risk? I asked myself the same question, and the answer was "no." Spending extra money on crypto is a good idea, but not one's monthly salary that they are to spend on their family.
So, if you are planning to invest everything you have at home in crypto, or have plans to not feed your family or buy groceries because you are interested in trading crypto, please don't do that.
The best idea is to continue your full-time job or business, keep feeding your family, and spend on crypto only what you won't regret losing in case something unexpected happens.
Do you think we should be careful of our financial situation before thinking of such investments?
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