to tell the truth not a lot of people like to invest or they just don't want to get into some complicated mathematician  and prefer bank low but the sure interest I too did it before I know of crypto or can say I didn't know I can do more with my money 

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Wow, looks like you got a good coating there!  We get freezing rain pretty frequently here, but a couple of years ago I came across a new one.  Freezing fog.  It was pretty nuts.  It wasn't raining or anything, but as you drove through the fog the ice would start to collect all over your vehicle.  It was probably one of the scariest drives I have ever had to make.  For me I think investing is more of a luxury.  Especially when it comes to the crypto side of things.

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Good morning. I enjoyed your post,  your message is clear and concise.
Totally agree, you have to have some skin in the game , if you don’t,  there’s no motivation to learn more. Once you buy in  your interest level goes up along with your understanding of how crypto works.
Once you see the earning potential most of us become thirsty for more knowledge. The more you know the more you invest.
I am just glad my old brain is starting to get it. What a ride it’s been 😎

I personally hate the phrase "only invest what you can afford to lose", because those that need to invest the most can't really "afford" to lose any of it. Every loss hits them hard.

I think talking about it as discretionary income, or investing what you might spend on entertainment or things that aren't necessities is better. Of course, that may be a slightly longer conversation, and to many it may be the same thing, but it's worth the effort.

Many have not gotten into crypto, and didn't years ago, because they didn't feel like they could afford to lose even a few bucks.

I think it's worth investing even a few bucks though, even if there isn't as much stress or annoyance. Especially when starting out. You need to get a feel for the markets and get used to the ups and downs. Even after years that can be hard. It will be tremendously hard if someone's first investment is $1000 and the idiot buys Bitcoin at the peak. They might just sell it right away and then find out a few years later that after their lose of a ton of money, it actually doubled from where it was.

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I share your opinion @tarazkp is a must

Cryptography is growing day by day and they have been doing it for several years, those who knew how to take advantage of the opportunity, today are very well economically, which we could not invest due to lack of money, we are happy for those who invested and are doing well, however Those who did not invest as exeptics are clutching their heads today.

In this type of business you have to be risky and put on a little skin, as you say, knowing that your investment is at risk, but there is a high degree that you can make your investment grow, and above all, not make purchases or Impulse sales, let alone invest the money that you cannot afford to lose

I take this opportunity to wish you a great day

I drove thru several hundred miles of that freezing shit last week in the 100 year freak ice storm.  LA. & TX. (USA) Freak for it to be so far south, temps so low and a week long, 3 storm systems back to back.
![Texas Ice Storm 2 20210215.jpg](https://files.peakd.com/file/peakd-hive/krazzytrukker/yDnbtM6T-Texas20Ice20Storm202202021-02-15.jpg)


![Texas Ice Storm 4 20210215.jpg](https://files.peakd.com/file/peakd-hive/krazzytrukker/b2JnzlU0-Texas20Ice20Storm204202021-02-15.jpg)

# Wing Mirrors...
![Texas Ice Storm 11 20210215.jpg](https://files.peakd.com/file/peakd-hive/krazzytrukker/GIywfS2j-Texas20Ice20Storm2011202021-02-15.jpg)
**Yes they are heated, that is what they looked like when I woke up B4 flipping the switch.**


![Road Closed 21821.jpg](https://files.peakd.com/file/peakd-hive/krazzytrukker/ZKk71FTo-Road20Closed202-18-21.jpg)

Deadly bridges and underpass ice skate rinks every one of them. I shut down for over 48 hours to let it pass. Brutal stuff. I try to avoid it, but can not always do so...

And I also read and learn from the crypto info you put forth in your writings. Cheers :-)

![Selfie Monster Drink 20190922.jpg](https://files.peakd.com/file/peakd-hive/krazzytrukker/h1SixwJD-Selfie20Monster20Drink202019-09-22.jpg)

This is was a brilliant piece!

>As I have said, building an investment mindset isn't done only through investing, it requires a far greater development of a host of aspects, including being able to recognize and have strategies for handling emotional influence and reaction. This is far easier to identify with a little skin in the game, as the pain of lessons is felt viscerally, not just imaginatively.

Precisely! The significance of the emotional factors cannot be over-emphasized. What you plan to do or imagine you will do may be something entirely different from what you will do once you're in the fray. 

There is no shortcut to building the mindset. You have to just do it.

>As said, in my own opinion, investing isn't a luxury, it is a necessity. While we can talk about the financial availability factors that influence the ability to invest, the crux of the matter is every activity requires an investment of some sort, whether time, money, or energy. I believe that in many cases, it is like my wing mirrors, I do not have access to their reflective capabilities unless I can look into them and recognize my surroundings. Once there is visibility, opportunities to move open up and getting a little skin in the game raises questions and motivates us to search for the answers, not just what we think we know.

Most people do not have the mentality for making independent choices. They follow the beaten path and avoid the chance of loss to an irrational degree. Your colleague is an interesting case. It sounds like he wants you to tell him what to do so as to be able to avoid self-blame if things go sour. 

You'll have to update us on how he goes and what his first coin is. The fact he is taking his time and researching he might have something really valuable to teach others. 

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