Topic: Bitcoin Investment, Beyond "Invest What You Can Afford to Lose" - page 2. (Read 775 times)

It is a matter of perspective. Basically, this is an expression to tell a person how much he is willing to take risks. In crypto investment, there is always the risk of loss if you have not done your homework properly. Bounding your money for a significant amount of time can come into this category because this is the amount of money you will not be able to use because of the market condition. HODL, in my opinion, can only be applicable to BTC investment. You can not hold altcoins for a longer period because they might be wiped out of the market in a year or two.
It is always better to invest your extra money that you may never use in the near future.

In bitcoin the Investment is safe , there is no room for you to lose, the people who Invest in bitcoin will always be winners, can bitcoin go down a lot in price? Of course yes, this is an opportunity for the most intelligent people to buy bitcoin and be able to guarantee their treasures more, so in this sense things when they are not very focused on doing things well, they can do it in many ways , if that works. Thus , it may happen that some with good intentions can buy more bitcoin and can build a future for themselves and their family, if that is what is sought , the best investment guarantees Happiness in the Future.

To invest with such idea in mind simply means that; bitcoin is not shitcoin, it is only shitcoins you can afford to lose but when your investment is in bitcoin, the meaning should change to what you can afford to HODL. I think it is time we stop relating bitcoin to what you can afford to lose but it should be what you can afford to HODL, if you HODL for a long time, it means you are holding in order to reap the benefits of it in the future and a mindset changed to what I can afford to gain and not lose. Shitcoin can be what we can afford to lose and Bitcoin is what we can afford to HODL for a long term to reap good profits.

Investing in Bitcoin means being part of one of the world's most revolutionary technologies. It's not just an investment in today but potentially one of the most valuable assets in the future. So, instead of wasting time and money on 'shitcoins', consider starting now it's not too late. The focus should be on investing what you are willing to HODL for the long run, rather than what you can afford to lose.

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We do understand that Bitcoin is the best investment in crypto business which has lesser risks than altcoins, especially for long-term holding. However, that doesn't mean this doesn't have risks. That's why you still have to apply "Invest the amount that you can afford costs". When investing in Bitcoin, no one knows what will happen. This is not only related to Bitcoin prices on the market which will go up and down or even skyrocket someday in the bullish era. But the risk is also related to the security of our assets, namely whether one day we will forget how to access or lose the most important information for accessing the wallet. This is also part of the risk. So even if you invest in Bitcoin, it doesn't mean there are zero risks. This is my personal opinion.

Even after reading this post, all I can advise everyone is to still invest what they can afford to lose!. Do not think that just because Bitcoin has done well over the years we should neglect risk management. I think of investment in a way that once I've put my money in there, I have lost it (just to keep myself from being too anxious and always checking). I have lost quite some amount of money in crypto, and for the times that it happened, I never felt shocked cause I always acknowledged that I could lose it all. So, investment as a whole is a risk and one should be risk-conscious when being a part of any investment (be it Bitcoin or not.)

We do understand that Bitcoin is the best investment in crypto business which has lesser risks than altcoins, especially for long-term holding. However, that doesn't mean this doesn't have risks. That's why you still have to apply "Invest the amount that you can afford costs". When investing in Bitcoin, no one knows what will happen. This is not only related to Bitcoin prices on the market which will go up and down or even skyrocket someday in the bullish era. But the risk is also related to the security of our assets, namely whether one day we will forget how to access or lose the most important information for accessing the wallet. This is also part of the risk. So even if you invest in Bitcoin, it doesn't mean there are zero risks. This is my personal opinion.

I also want to put more into crypto but I don't really want to suggest it to others since it could destroy their life.
We don't know how they would take our advice, and some might really invest more than what they could afford, and we all know that crypto or bitcoin is volatile so it might end up the other way around.
There are times that people would take our advice seriously specially when they see how much we gain from doing it, and the result might be different for them so I don't want to make investment advice so lightly.

The phrase "invest what you can afford to lose" has long been the go to advice when it comes to Bitcoin investments.

The phrase "invest what you can afford to lose" has long been the go to advice when it comes to Bitcoin investments. In the past, it seemed to be a norm, a safety net, but it's time to reconsider its relevance. Over the years, Bitcoin investment has undergone a significant transformation. What was once a realm fraught with doubts, fears of capital loss, and scam risks has evolved into a more stable and less volatile investment landscape.

While risks and scams still exist, Bitcoin itself has proven its worth, emerging as the premier cryptocurrency, demonstrating its dominance over others. The short-term fluctuations are there, but historical data consistently indicates growth over time.So, why should we continue to echo the sentiment of "invest what you can afford to lose" when referring to Bitcoin? I believe this phrase is more suited to gambling or trading, which we all know come with inherent risks.

For those looking to HODL Bitcoin for the long term, with no intentions of actively trading, the focus should shift. Instead of investing what you can afford to lose, consider investing what you have to invest. Unlike other traditional investments like real estate or the stock market, Bitcoin allows entry with even a small capital  as low as $5 to $10, which isn't something I will even want to lose.such an investment should not fall under the category of what you can afford to lose.

Investing in Bitcoin means being part of one of the world's most revolutionary technologies. It's not just an investment in today but potentially one of the most valuable assets in the future. So, instead of wasting time and money on 'shitcoins', consider starting now it's not too late. The focus should be on investing what you are willing to HODL for the long run, rather than what you can afford to lose.

While risks and scams still exist, Bitcoin itself has proven its worth, emerging as the premier cryptocurrency, demonstrating its dominance over others. The short-term fluctuations are there, but historical data consistently indicates growth over time.So, why should we continue to echo the sentiment of "invest what you can afford to lose" when referring to Bitcoin? I believe this phrase is more suited to gambling or trading, which we all know come with inherent risks.

While risks and scams still exist, Bitcoin itself has proven its worth, emerging as the premier cryptocurrency, demonstrating its dominance over others. The short-term fluctuations are there, but historical data consistently indicates growth over time.So, why should we continue to echo the sentiment of "invest what you can afford to lose" when referring to Bitcoin? I believe this phrase is more suited to gambling or trading, which we all know come with inherent risks.