Topic: Don't invest more than you can afford to lose - page 4. (Read 6559 times)

As long as you can afford to wait a few years, your investment is going to do good.

Another reason people constantly use this term is for legal reasons to absolve culpability... a way of suggesting caveat emptor.

It is smarter for both an investor and society if you invest in Bitcoin as a long term bull who believes in the technology and underlying principles of what is trying to be accomplished. Set yourself strict guidelines of when to take profits and reinvest and never sell at a loss.

There is no regret for supporting such an important cause, as monetary gain is secondary at most.

Nobody is forcing them to do anything. I think they only people that are getting frustrated are the people who thought they were going to get rich quick.

The only real risk of investing into BTC is that you might not be smart enough to secure your coin and end up losing it..

Price wise, it's obvious we're only going up. BTC is the best investment you can possibly make right now. Better than any stock I've ever heard of.

I think the underlying theme here is 'regret'. You see plenty of people going 'all in' on various 'good deals' only to start whining/complaining/fudding after a couple days when the 'good deal' turns out to be a scam. I believe that's where the 'Don't invest more than you can afford to lose' retort comes from. If someone owns up to his/her own actions/mistakes then sure what you describe in the op is possible. You can sell everything and invest and if it goes south, you still have your job. It's about taking responsibility.

Invest everything you can responsibly, we cannot afford to lose.

For some of us the decision is easy as we can afford to lose money but cannot afford to lose
the cultural and economic battle that is being fought.

The stakes are much higher than some investment scheme. Statist apologists disparage the ethicist's and ideologues in our community as being "extremists" without realizing how our commitment is the reason why Bitcoin will never go to 0 and will keep on growing despite the capricious nature of those who are using Bitcoin as a short term investment vehicle.

--There is nothing "extreme" about wanting a secure protocol. Backdoors implemented that the altruists can use can equally be exploited by the corrupt and evil.

--There is nothing "extreme" about wanted the status quo of the option of anonymous payments to be maintained that has always been the case for the last 11,000 years. What is "extreme" and dangerous is the the logging and tracking of every purchase a user makes and attaching those to an identity.

I try to stay respective with the current market. But I am sensing a lot of furstration among the BTC users that are creeping and forcing them to take wild decisions.

Now, most people if they are fairly confident of living another 10 years, can afford to lose $50,000, yah it will be tough to make up for the average working stiff, but it's doable.

The BIG BIG BIG mistake that we see happening far too often though, is people using money that already has obligations, as in "Yeah, I can afford 50k as long as I get it back in 2 months for grandmas cancer treatment" ... back in 2 months, yah, bitcoin ain't running on a timetable, and Murphy's law practically guarantees that if you need the money back at a certain time, you are probably going to be pulling it out when it's worth 30% of what you put in, after waiting until the last minute (and losing another 5% in process as you stalled) and two weeks later it will have gone up 500%...

That is the hard luck story we hear most often.

"I put money that-wasn't-mine/that-had-a-purpose/that-I-owed-to-the-mob in bitcoin thinking I'd make it back in a week, waaaaaaaa!!!!!"


As you might have guessed, a lot of these people fit the profile of compulsive gamblers and may not have been the sharpest bulb in the drawer in the first place. Sometimes you can read between the lines as "I put money I couldn't afford short term into bitcoin AND found satoshi dice..."


So never put in more than you can afford to lose, but most especially, NEVER PUT IN NEXT MONTHS RENT... or similar.

Once you have freed yourself from your materialistic desires, you'll find that you can afford to lose everything.

Don't invest more than you can afford to lose.
Don't invest less than you can afford to lose.
Invest what you can afford to lose.

Apple pay is centralized.  very difficult for something decentralized to sweep in overnight and get massive viral adoption.

Don't invest more than you can afford to lose

Timing is helpfull hey lol but having the balls to know life will continue as normal if you do your nutts and fail is the key as you say. I wonder about the guys who had the guts at the beginning of bitcoin to put everything they had and more into it,  held untill it went big. bam what did someones late $200 rent  buy BTC at pennys now worth aha I have done similar it did not pay off>> so what im still here and i will do it again good luck to the winners and losers the game is here to be played

I never said features.  A lot of search engines and social media websites were replaced by competitors who did a better job at attracting users.

That's why this forum was in panic mode when Apple Pay was announced but it didn't go viral.  Inevitably somebody will come along and go viral and Bitcoin at its' small 500K - 2M users would be left behind

Well, anything is possible,
but like I said, doesn't likely. 

Killer features would probably
be adopted by Bitcoin before
the new coin would gather enough
of a network.

Something viral of course.

Doesn't seem that likely.

Why would a new coin get hundreds of thousands of users?  What killer feature
would it have to be so attractive? 

Problem with buying Bitcoin is that all the easy ROI is long gone and yet current buyers assuming 100% of the risk unlike the earliest adopters.  Seems legit - exchange your real dollars for fake Bitcoins while the Bitcoin rich buy a Bugatti with your real dollars.   


  People who initially bought Bitcoin in 2009 when it was fractions of a penny saw like 450,000 return leading up to last November.  While today, assuming the rate of inflation is static (I don't need to entertain hyperinflation arguments), the most Bitcoin's capitalization could ever be is $Trillions.  So the ROI limit left here is like 1000x on a new investment.


1000x return so $10,000 would only net $10 million..  of course this is no guaranteed thing..  BTC could plateau at its' current capitalization forever, drop down to $0 or be replaced by a competitor.

The latter is possible I think because Bitcoin is only 500K-2M users when the internet in the late 1980s had more users.  It seems very possible that some coin better at promotion and user base expansion could simply fly past Bitcoin in months and Butters would be asking themselves what just happened.

I just wanted to stop in and say that I love the OP's advice. I'm 32 and have about $10,000 in BTC and I keep buying. Can I afford to do it? Who cares. I have a roof over my head and food on the table, and I believe in BTC

If I lose it all, then I pick myself back up and start on a new project. Regardless of what anyone tells you, there's always more money out there.

If you were attempting to leverage trade the bitcoin market then that by definition is going to be gambling despite any argument of the likely hood that the price of bitcoin will rise over the long term.

Yes you are still alive (good) and yes you are still earning money via your job (also good) however your retirement fund has taken a hit (bad). If you are very young then it may not be as big of a deal as you will have a long time to recover from the hit you took; however generally speaking it is not good to be investing large percentages of your retirement funds in something as high risk as bitcoin