how much money is considered as "invest only what you can afford to lose" - page 5.

South Park

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Quote from: cafter on March 20, 2023, 07:30:28 AM

If i talk about mine , money i can afford to lose is so small for many people that will be 100xed then also I will make profit worth buying 2 cycles.
what is the meaning of this quoted words, ?
you also invested this small part of your savings(not talking about wealth) in bitcoin, I don't think many of you invested money that can not impact your life if all gone.
and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)

also tell about my english(feedback kind of) when i read imy sentences, i feel this is very bad english.

Everyone is going to have their own definition of what this means, I consider money that I can afford to lose all the money that does not go towards my expenses, retirement account and my savings account which needs to have funds to at least last me one year if I lost my job, I do not have debts but if I had them I would include that money as well on the previous category, so all the money that is left after that is money I can afford to lose and it is money I invest in bitcoin regularly.

serjent05

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I understand that the amount of money we can consider as we can afford to lose are the amount of money that is excess from our income after we deduct our expenditures and future or emergency savings. How much it is, is dependent on the person income so we cannot put an exact amount to represent everyone's capability of what they can afford to lose.

Quote from: avikz on March 20, 2023, 03:01:13 PM

The answers to your questions are very subjective and varies from individual to individual. For me even $100 is good amount of money to loose and I will be absolutely mad if I ever loose this sum. For someone even $1000 is not enough to feel the pinch. So it depends on your financial condition.

Also, there is no rock solid point to prove that investing in bitcoin is a non losable investment in long term. Historically we have seen this trend but past record cannot guarantee the future. So it is again based on your preferences and investment goals.

The amount is subjective, yes, but in general, the amount of money that a person can afford to lose is the excess money that is not compromised of anything where he can spend or lose it without regret.

GideonGono

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For me when we say invest only what you could afford to lose, it means your excess money, the money that you don't need or would just use on your own enjoyment or something useless.
I am talking about the money that is left on your account after paying all the necessary thing and bills after settling everything that needs to be settled.
It doesn't really matter if your gaining small profit or not just accumulate all of it and reinvest, it is better that way than to ruin your life by risking it all.

avikz

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Quote from: cafter on March 20, 2023, 07:30:28 AM

money i can afford to lose is so small for me that if it will be 100xed then also I will make profit very small
what is the meaning of this "invest only what you can afford to lose" ?
you also invested this small part of your savings(not talking about wealth) in bitcoin, I don't think many of you invested money that can not impact your life if all gone.
and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)

also tell about my english(feedback kind of) when i read my sentences, i feel this is very bad english.

The answers to your questions are very subjective and varies from individual to individual. For me even $100 is good amount of money to loose and I will be absolutely mad if I ever loose this sum. For someone even $1000 is not enough to feel the pinch. So it depends on your financial condition.

Also, there is no rock solid point to prove that investing in bitcoin is a non losable investment in long term. Historically we have seen this trend but past record cannot guarantee the future. So it is again based on your preferences and investment goals.

The Cryptovator

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First and probably most important, you must improve your English. So that we can clearly understand what you want to share. However, Bitcoin is a highly volatile cryptocurrency, so you must exercise caution when investing here. The price could fall at any time, causing you to lose your portfolio. That is why it is said to invest only if you can afford to lose funds. The amount is entirely up to you. Risking a large sum means you could win or lose a large sum.

cafter

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Quote from: _BlackStar on March 20, 2023, 01:17:47 PM

You will not lose anything on your investment in bitcoin because bitcoin will not move ^{[except their value].} The volatility of the bitcoin price does not loss your bitcoin, unless something happens to your wallet such as hack or loss of access to the wallet.

Anyone might be able to consider price volatility, but they likely can't afford to lose lots of bitcoin forever. I would probably be thinking the same thing, but if you really invest your budget within reasonable limits then of course the psychological impact when you lose it all.

you are something wrong, you are talking about number of coins, if there is not value then what is that you losed you money , but not your coins, what will you do with your left penny value coins,
we invest to get profit out of it , not for owning non valuable coins (no talking about bitcoin so far just an example)

Bananington

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Quote from: cafter on March 20, 2023, 07:30:28 AM

If i talk about mine , money i can afford to lose is so small ...

If you constantly invest that small amount of money (no matter how small) that you can afford to loose, by accumulation, just that it will take a longer time, but that small money will become big. Have a continuous approach to investing and develop a strategy to keep you investing, small amounts of money that you can afford to loose is better investing than a huge amount of money that you invested recklessly. Consistently investing small amounts that you can loose will make you have the habit of investing regularly even when you begin to earn more.

_BlackStar

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You will not lose anything on your investment in bitcoin because bitcoin will not move ^{[except their value].} The volatility of the bitcoin price does not loss your bitcoin, unless something happens to your wallet such as hack or loss of access to the wallet.

Anyone might be able to consider price volatility, but they likely can't afford to lose lots of bitcoin forever. I would probably be thinking the same thing, but if you really invest your budget within reasonable limits then of course the psychological impact when you lose it all.

Furious 7

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Quote from: cafter on March 20, 2023, 07:30:28 AM

and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)

also tell about my english(feedback kind of) when i read imy sentences, i feel this is very bad english.

Even though you really want clarity in this matter to be sure, but I think in this condition nothing can really be convincing as long as you are not sure about it.
The condition remains the same bitcoin is something full of risk and no one will know about the future even though in this case it will still be worth it for the next few years but this condition will come back to yourself as long as you are sure then it will be good but even though many people are convinced but you are still not sure I think it will not go well.

livingfree

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I agree that it may not be much for us when we talk about amount that we afford to lose as we invest in bitcoin but for some people, they could be too much and means a lot.

Quote from: cafter on March 20, 2023, 07:30:28 AM

and also please share some very rock solid points that investing in bitcoin is profitable, and non losable in long term, we don't know if other satoshi came out in 1-2-3 years later(just an less probability thought)

No need to share some solid points just to prove anything that bitcoin is profitable in the long run.

Just take a look at the charts and prove that on your own and see the difference and lines from the past years up to this time and have it zoomed. You'll be ending have that idea that bitcoin has been all performing well ever since it was launched.

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I believe what one can afford to lose is purely subjective an it's normal. For someone, even $100 is life-saving crucial funds that one can't afford to lose. For someone else, a million dollars can easily be money one can afford to lose. If we try to generalize, it certainly should not be a part of money a person needs to cover basic living costs (food, transportation, rent if applicable, utility bills) and maybe other crucial funds (for example, if a person has money for an upcoming surgery or university tuition fees). Everything above that is, I suppose, what one can afford to lose, but people should use their subjective sense and particular situations to determine what that amount really is for them. And it's better to invest less if you're not sure than invest more and realize you actually really needed that money.
As for a proof that investing in Bitcoin is profitable, I think one should just look at the price chart and see how each time Bitcoin recovered from each fall and also look at how, while Bitcoin does decrease its value significantly from time to time, the lowest point it falls to seems to also be getting higher over time.

Erumo

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I think it is easy to skip one daily meal (if you eat 3-4 times per day) and that will be your daily affordable amount to lose. Dont multiply it by number of days in a month, because it will be hard to skip so much and make such a daily skipping routine. I can easily afford to spend 10$ on crap. I can easily afford to spend 10$ a day on investment.

Ketesnuko

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It depends on your capabilities, can you survive on your own if you invest so amount? This is the question we should all be asking ourselves, many investors only thing about buying but not about surviving, later when they buy already they will start thinking about the decision they have made, could be right, could be wrong, who knows? But its left for the investor, so best plan is know how much you need to survive on, before investing a dime in crypto.

bosede1

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As you said, your English needs to be polished a little if it will help you can use Grammarly to check for spelling and punctuation errors. For me, investment is a game of risk, and it doesn't matter any amount I put so far is meant for investment, I am good to go.

Greggry

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Your points here is not full stated but people do choice investment irrespective of the amount involved, when we said invest what you can bear the loss does incline losing bitcoin wallets or values rate. Some people cannot withstood seeing their money going down beyond what they expect. This can cause heart attack, heart palpitation and even lose of memory because you can not understand the background patients of bitcoin over time.

We encourage people to use spare money you can easily let go until the price is ready to come back. They understand the money is not totally loss but they lack that patients to wait for it to come back to normal.

Lorence.xD

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Quote from: Rupok on March 20, 2023, 08:09:27 AM

It depends on one's ability.There are many people who have invested money but even if all the money is gone, it cannot affect their life. Again, there are those who lose a little money but it affects their life a lot.We are advised to invest only what we can afford to lose.

I agree, despite the fact that they invested almost all of their savings they can still survive and live normally where they won't reach shortage of money. Let's say that two different person have the same income, but they spend money differently where the one is practical and budget his money while the other one spend too much money on nonsense things which is not necessary. Do you think they can invest also the same? Of course not, the person who spend a lot might say that "he lack money for investment because his income is not enough" which is true since he don't have enough balance to invest. It's not only on the assets but also the techniques. You can afford to lose money if you think you can budget your money in a long period of time.

Quote

Because it would be foolish to invest all the money in order to earn extra profit. Most people invest all their money in cryptocurrencies when they see that they are getting more from a small investment.Later it can be seen that due to excessive greed, he loses all his money and becomes poor. As cryptocurrency makes people very rich as well as poor, we face loss due to not following the basic rules.

Investing all your is not a good move, imagine everyday you have to survive without having extra budget for your expenses and needs. It depends on people how they handle to invest while budgeting their money so in the next few years they will gain huge profits. Even gaining a small profit is a big thing for people to earn in starting a small investment. We all start from small before having a huge investment. A wise decision in money could also make you rich but it's true that being greedy could loss your assets.

Despairo

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I can afford to lose 90% of my total money to invest in Bitcoin, because I see the bright future rather than I hold it on other assets or fiat currency where the value will decrease over times. I know my decision looks like I don't prepare any risk management when Bitcoin price declining, but since I still can live with 10% of my total money and it's can fulfill my daily spending, I think my decision isn't really wrong.

BenCodie

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I suppose the answer is not a monetary figure but rather a percentage of the total wealth for each individual, based on their financial circumstances and lifestyle. Budgeting is an important skills to have to find the right answer for yourself. My idea would be to go into creating a budget with the idea that the money you invest is locked away for in excess of two years before you start seeing any sort of gain. With this strategy for Bitcoin, I believe it would be a matter of when you gain on your investment rather than if you will lose. If you are going into your investment with a short term mindset then it's more of a gamble than an investment which the question of "how much can I afford to lose" becomes more applicable.

andriarto

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I think the words are true if we describe it investing should use cold money, where we are not afraid to lose, so that this will make our psychology calmer to hold it in the long term, if so then we have the opportunity to meet a bullish season and we take advantage. by investing, it means we are taking risks, so it's not just the profits that we count, I think by investing in bitcoin, we will accept the risk of waiting in the long term where no one knows when the bullish season will come

CODE200

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There is no specific amount on the saying "invest what you can afford to lose" It depends on the person. What the quotation wants to say is you should know the other possibility which is losing in risking your money in trading or investing. If that time comes, you may feel bad but you wont get to the point where you wanna end your life because of what happen. Its also like you prepared yourself already on all possible outcome that may happen. Either good or bad. Manage your money well if you dont want to get broke in the future.

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