Bitcoin Investment, Beyond "Invest What You Can Afford to Lose" - page 5.

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Quote from: franky1 on November 06, 2023, 10:10:32 PM

invest what you wont need in the short term, play the long game

I think that's a pretty bold statement and that's very true for the ones who want to invest in Bitcoin. Unlike other crypto-currencies Bitcoin won't go to zero in value anytime and that's why it's quite safe to invest money into it and let that investment for at least a decade or two in order to have better profits.

Although investing in Bitcoin doesn't have any direct risks but if the investors aren't aware of the other potential threats that come from scammers and hackers then they will still have the risk even with Bitcoin investment. It's always better to reduce the risks before investing in Bitcoin and for that a user must have to learn about air-gapped system and cold wallets.

A hot wallet will always have it's risks and even someone with proper firewalls and antivirus software will still be at risk if he/she uses the system online. A proper way to be safe from such risks is to have your wallet in offline mode and also one should be careful about private keys, seed phrases, and other important details about one's wallet.

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Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

You are right, bitcoin has transformed a lot and now it is time for us to avoid saying the norm invest what you can afford to lose because in your opinion BTC has become more less volatile and more trustworthy and less phishing which it was not before but it was considered as one because of less adoption, more hacks and more volatility of it.

But with more adoption the trust started to build and more people started to trust it and thus volatility decreased! wait what I am saying, with more trading volume volatility of the BTC should increase Tongue

So, dear op BTC was less volatile back then now it is not.

Overall we still have to use this norm as a disclaimer so that if one after hearing about BTC investment from you get into loss, and without this disclaimer he will ask you why did you not warned him etc.

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I also think that Bitcoin is a fairly safe investment these days. But there are just simple things that we can't be sure of. There's a risk of being hacked, scammed, losing access to one's funds accidentally, mistakenly sending the coins somewhere with no way of getting it back. Then there's also a risk that Bitcoin won't recover from this bear market or any future bear market. It recovered from all the previous ones, but there have been just a handful of them, and there's no guarantee that it will always be like this. Or maybe Bitcoin will eventually recover, but you'll need the money earlier than it happens, and you'd have to sell at a loss, for instance.
So when investing, people should consider the risks, even with Bitcoin.

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Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

Even public opinion is subject to evolution. In the case of the bitcoin - revolutions.

Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

It's not that hard to prove your worth and dominance by being the first cryptocurrency.

Whoever started the race first is undoubtedly in great shape. It would be fun to see which cryptocurrency would become dominant if all projects started around the same time.

Well, so far, everything is going well with bitcoin and the phrase “invest what you can afford to lose” is irrelevant. But, as always, there is a nuance. We don't know how bitcoin will behave in the event of a global economic crisis, in the event of a ban by governments and regulatory authorities, or in the event of any force majeure. So, risks undoubtedly remain. But there is no doubt that, compared to the early years of bitcoin, the risks now seem less significant.

Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

Why go into a game with the intention of losing? You need to invest in such a way that it brings profit, not loss. Even if it's $5-$10.

Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

Investing in bitcoin is not only about seeking profit for yourself, but it is also an investment in the future of technology, community and, perhaps, the future of all humanity. Each purchase of bitcoin is, in fact, a kind of impetus for the development of this large-scale project.

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Very sensible and educational post, even i wonder why people still use the term "invest what you can afford to lose" this is not valid if you use consider bitcoin as an investment and this stands true only if you are in day trading without control on emotions or if you gamble as you mentioned or even futures trading.

I think most people now have realised that Bitcoin is not a risky investment and it's become more like gold but only difference is that it has capability to give much more returns than gold but it's just that fuds being spread during every fluctuations creates negative impact on large group of users. However, glad that people have realised fuds that they will only incur loses due to panic selling if they fall for these funds which starts appearing every time when the Bitcoin's price drops by even 5%. I think one should have clear mindset that Bitcoin doesn't guarantee immediate profits but a definite profit if we hodl.

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Bitcoin having proven it's worth over time in the crypto industry, still posses risk, most especially, if we consider the fact that we have different types of investors all around the world, so I personally believe that the term *invest what you can afford to lose * in relation with Bitcoin, can never be outdated as long as bitcoin remains an asset to be invested in, with the potential for profit or loss, depending on decisions, the investor make concerning or with their investment in bitcoin.

Even today, people still use the terms "invest what you can afford to lose" in other assets that have proven their worth over the years like real estate investment, land and properties, shares and so on, so this term is something that can never die off in relation to bitcoin, as long as the price of bitcoin is not stable but still volatile.

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Quote from: KiaKia on November 07, 2023, 08:15:51 AM

You can invest everything you have on Bitcoin and you will still be fine, Bitcoin investment is not that risky like every other assets, all you need to do is get a job and keep living like every normal person, years later you will thank yourself for making the decision.

I don't think Bitcoin is a risky asset anymore, and that's why Black rock and co are trying to get their hands on Bitcoin ETF soon, the only risky part of Bitcoin now is how you keep your private keys and recovery seeds safe, hold them tight and go away for years, when you are ready you will get access to your Bitcoin, not much to worry about with Bitcoin.

To avoid reaction to sudden volatility, you need a job and also some patience, the reason why people miss out is because they invested all they have into Bitcoin without something fetching them money, once they start to face some challenges they will come around and sell their Bitcoin, which is why I said that Bitcoin investment is very bad for those who are jobless.

Just because you think bitcoin is risk-free doesn't mean it won't be. If bitcoin is risk-free, what assets are considered risky? Is gold or real estate risky and bitcoin risk-free? We are bitcoin investors and we have faith in bitcoin, but trust with knowledge and facts, don't be blind and trust foolishly. There is no investment without risk, the higher the profit, the higher the risk. Blackrock is just an investment fund and they can go bankrupt at any time. They do not guarantee anything about bitcoin.

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Yeah, investing in btc is about long run but still should be about "Invest What You Can Afford to Lose". We live in a pretty risky world and still selling a home to get money for investments is pretty bad idea as for me

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Quote from: franky1 on November 06, 2023, 10:10:32 PM

invest what you wont need in the short term, play the long game

This is for all and I think even if I rumble all of these phrases, we're all going to end up with the same meanings. But this simplies of what we're telling people why they need to invest what they can afford to lose. And that is because that money that will be invested is good that's gone and never coming back. Understanding it with this simple phrase will make people realize why everyone says affordability of losing when investing. It is because investing requires patience and the serious ones aren't just going to stay here short term but in long term.

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Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

This advice is real, last year I lost a lot of money on shitcoins. Many influencers say Shiba, Akita, or whatever will increase 1000x from the current price. Unfortunately at that time I believed it and stupidly I was all in on this meme coin or shitcoin. it's a bad thing to live.

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You can invest everything you have on Bitcoin and you will still be fine, Bitcoin investment is not that risky like every other assets, all you need to do is get a job and keep living like every normal person, years later you will thank yourself for making the decision.

I don't think Bitcoin is a risky asset anymore, and that's why Black rock and co are trying to get their hands on Bitcoin ETF soon, the only risky part of Bitcoin now is how you keep your private keys and recovery seeds safe, hold them tight and go away for years, when you are ready you will get access to your Bitcoin, not much to worry about with Bitcoin.

To avoid reaction to sudden volatility, you need a job and also some patience, the reason why people miss out is because they invested all they have into Bitcoin without something fetching them money, once they start to face some challenges they will come around and sell their Bitcoin, which is why I said that Bitcoin investment is very bad for those who are jobless.

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I agree with the general view, contrary to that of the OP, that investing only what one can afford to lose still stands.

Quote from: franky1 on November 06, 2023, 10:10:32 PM

invest what you wont need in the short term, play the long game

This is what I wanted to focus on. The problem with mature assets such as bitcoin is not so much that you can lose everything, although it is a possibility that cannot be ruled out 100%, as volatility. If you put all the money you can into bitcoin even though you might need it in the short term, maybe when you need it the market is down 60%, and you haven't lost it all, but you have lost 60% of your money that you couldn't afford, and now you will have to go into debt or figure out how to get the money you have lost.

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The phrase invest what you can afford to lose doesn’t apply to only risky investments but to also stable investments, we might have experienced from past trends that bitcoin isn’t like shit coins and can never go dust but at least there is still volatility affecting bitcoin price, although with a long term holding you might be beating that risk. Where this phrase comes to play is the area where you hold in dare patience and not been afraid of any circumstances. Imagine someone that had invest a little above what he could actually lose as at of early last year when the price was above $45k, you would certainly know that the person wouldn’t be at peace like a person who is invested a throwaway amount.

Investing in what you can afford to lose might also be a warning that should you be face with adversities like mistakenly getting your funds stolen either through hacking you don’t lost everything ( although this can be prevented if you’re careful). The phrase also applies to one diversifying there funds too and not relying on a single investment.

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Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

It is still very much relevant! It all depends on your local regulations on bitcoin. You time when you have invested in Bitcoin etc. This statement is here to remind you about the risks of Bitcoin investment. But it is something you can ignore at your own risk. Today when the Bitcoin price is increasing, we are seeing a whole lot of new crowd becoming super bullish on it. But let's assume you invest at pick and then the price starts going down! Will you be at the same position with the early adopters?

So Bitcoin is a risky investment and you must not gamble with whatever you have. Have patience and take a cautious approach toward Bitcoin investment. That might save you from being bankrupt.

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Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

Your thoughts are insightful and I believe in some of them. The slogan Invest what you can afford to lose shouldn't be the main advice for Bitcoin because it has over the years shown that it is a dependable and consistent long-term investment. To me, the right phrase should be "invest what you can live without" or what you can afford to bear" . We have seen some people out of greed or high expectations take loans or sell some valuables because they want to invest in bitcoin. Others go to the extent of investing their entire income without considering basic needs or making emergency provisions.

Indeed, bitcoin is now a major player in the global financial market, but it doesn't erase the fact that it is a new invention that still needs time to evolve into a stronger and widely accepted currency and investment. So we still need to invest with caution. Don't invest an amount that can put you into a financial mess if there are any challenges.

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It seems like you are confusing a couple of things.
First of all the scams and their variants have nothing to do with "invest what you can afford to lose" statement. Nobody should even touch them to be at any kind of risk to need an statement like the one in the title.
Secondly "invest what you can afford to lose" applies to any investment you make in anything, even the most stable markets like gold. You should always take reasonable risks and indeed invest what you can afford to lose. Meaning for example you should not borrow money to invest in gold, bitcoin or whatever else. You should invest the money that you already have and don't need so that if you lost all that money, you wouldn't be devastated.

Apart from that, I agree with the part of your post that Bitcoin has already grown and the market is not as volatile and unpredictable as it once was which makes it a more solid "investment" even though we still have some way to go before we can get rid of the high volatility and market manipulations.

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Quote from: Hatchy on November 06, 2023, 02:02:27 PM

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.

In the long term, not the short term.
In practice, people don't buy Bitcoin because the price will fall from the purchase price, which is a mistake in thinking. Putting such thoughts into altcoins has some truth to it. Among the many people who invest in crypto, only a small percentage focus on other types of assets besides Bitcoin. The rest are those who don't know the benefits of converting fiat to Bitcoin.

Investing in Bitcoin with long-term targets has very little chance of losing. On the contrary, people will win if they are consistent in Bitcoin with long-term targets.
Long term, strength to hold that feels heavy.

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Not every people who own Bitcoin is a Bitcoin enthusiast or even maxi.

The phrase of "invest what you can afford to lose" is for Average Joe who's interested with Bitcoin, obviously it's different to Bitcoin maximalist who own near 90% of their assets in Bitcoin.

Since Bitcoin is still a fairly new asset and it's not yet as sustain as gold, so it's correct to say that.

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The phrase has more to with Bitcoin volatility and not exactly that Bitcoin would go to zero and he'd lose his investment. Although there are ways he could lose his investment like losing pvk, hacks, scams, etc.

You wouldn't wanna make investment and remove half-way just because some need arose.

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This advice must remain, especially for new people, there are security aspects that must be considered in addition to value risks. Everyone wants to invest just because they hear "it's profitable", but not everyone understands the mechanism. However, this is still relevant to the security factor of Bitcoin.

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