Read this on /r/UKPersonalFinance yesterday.
Thought the advice was pretty good, and should be shared here:
From browsing this sub for the last couple of years, whenever there is a post asking for advice on what to do with a windfall etc, there have always been responses along the lines of:
‘Bitcoin will be 100k by the end of the year’ ‘Stick it all in crypto you can’t go wrong’
To anyone witnessing the recent events, this is why people would say to only put in what you can afford to lose/a small percentage of your portfolio.
Yes, of course you can get rich in Crypto and people have. But there’s also a number of people who would have gone in too heavy and now don’t have an easy way out.
So next time there is another risky asset that people are pumping, use this a reminder as to why people say to limit your exposure!
Credit to /u/UnderCover428/ for the post.
Link to the original post:
And remember:
Always. Do. Your. Research.
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