Why did you invest more than you could afford to lose? This advice is literally everywhere on Reddit and even YouTube. If you can't stomach 20%, 50%, or even 90

Why did you invest more than you could afford to lose? This advice is literally everywhere on Reddit and even YouTube. If you can't stomach 20%, 50%, or even 90% drops in your portfolio's value, then you clearly invested more than you could afford to lose. Did you really think you could just get in at any point in the crypto lifecycle and the value would keep rising, and rising, and rising? Especially if you got in when there was a media frenzy? We seem to be approaching the "despair" phase, as your post clearly implies: http://www.thegoldandoilguy.com/wp-content/uploads/2012/11/Stages-for-AAPL.png http://www.thegoldandoilguy.com/wp-content/uploads/2012/11/S... Remember you only take the loss if you sell now. Do with that information what you will. But I think in a year's time you'll regret selling for 2/3 loss. And you'll probably want to get in again after the crypto value has risen another 10x, and all the media talks about it. but with only 1/3 or less of your money. Rinse and repeat.