Topic: how much money is considered as "invest only what you can afford to lose" - page 6. (Read 655 times)

I would say around 10% of your income

I will take the money tittle has your question since I failed to get grasped of much of your English. Invest much you can lose, simply means an amount in which when everything goes down ( it is definitely hard for bitcoin to go down totally) it won’t bring you down totally with it financially. Then how much should we consider. Let’s say you are considering saving 50% of your income and you’re willing to save some in bitcoin then don’t put everything into bitcoin but rather have it split into 2 (25%) apiece and the take this 25% into bitcoin investments should the market be in bearish period and you’re in need of fund then you could look towards that other non bitcoin investment and this saves you the hassle of selling at a loss

Why this had always been said is for people to have mind on what they are taking to be risk no matter how small or big it is, this will help in case of unforeseen circumstances whereby loosing becomes an inevitabe thing to do with, as according to your capacity of investment so is the risk involved either you invested alot or not, but considering bitcoin for investment, you're likely not to loose your entire investment but only part of it due to volatility but some people will not still accept that, and this makes other cryptocurrencies to have more risk taking because you can loose your entire investment while dealing with them, ut wjen you are aware it's an amount you could afford to loose should be invested, then its like gamble whereby there's no certainly of winning or loosing but you're taking the risk to win.

With regards about your question OP, that depends on how much can you afford to lose because we have a different lives with different situations. My advice is that don't mind those people who that are investing as much as 100x from what you can afford because investing is not a race, just like what I've said, they've got a different situation that's why they can afford to lose a much larger amount but that doesn't mean that their investments are much more important compared to yours. Remember, a win is a win and a lose is a lose, no matter how big or small that investments are.

Thanks for the correction. The word "gambling" is what I intend to refer to investment as, not "casino," though I don't usually see a difference between gambling and casino. 
That's the word I use to describe any investment I want to make, so that I will make up my mind that either I win in profit or I lose the investment capital, which can later be regained. 
The only difference between buying Bitcoin and gambling to me is that if one doesn't sell, there is always a chance of gaining it back in the future, no matter how long. 

If you chase for such 100x investment, the more cycles (repetitions) you do it, the more loses you will get from your risk-chasing game.

I don't recommend anyone to do this in this market especially if you are newbies. It is risk-chasing game so you should never spend more than 1% of your capital for that game.

How much is it will depends on your total capital. If your total capital is $1000, you should use $10 for that 100x risk-chasing game. Focus on investment in Bitcoin and try to stay away from 100x, 200x altcoin games.

Maybe you can go more practical to help you decide how much money you can invest in Bitcon or other investments. Asking questions such as how much are your monthly bills, have you planned for emergency funds (you get sick, your family suddenly is dying, etc), how much do you make each month, and if you suddenly lost your job for how long can you survive without using your emergency funds, etc. Let's say you make $500/month, has $5000 in your saving account, and your monthly bill is around $300 (food, rent, etc), so you have around $200 free money per month but you have no emergency funds. I'd say that spending $100 per month to buy Bitcoin is one of the alternatives you can do while you save the rest for emergency funds, at least for the first few months or so. This is just a rough approach though, you can also apply traditional finance rules for saving if you want to look for an alternative, such as the 50:30:20 rule.

You can check out Bitcoin price history and the economic history of the world in general. We just have two or more bank run cases in this month so you can see how risky it is to store all of your wealth on fiat, especially if you're not one of the big players on the market. You should probably read more about Bitcoin before you ask somebody to encourage you to invest in Bitcoin. This will help you make a better decision and not blindly follow whatever the other parties tell you to do.

We can agree with the idea that there is never a lot of money. People will always have desires where money can be spent, and of course, no one likes to lose money. But you must understand that investing in bitcoin has always been a risky business. No one will tell you the exact date of growth or fall so that you can withdraw on time without causing yourself a hassle.
On the other hand, the experience of investing in Bitcoin for a long period shows that people with patience make good profits. And of course, if we talk about friendly advice, then I would not advise investing at a time when people live paycheck to paycheck, literally saving on everything in order to save in bitcoin.
Today, not everyone can invest large amounts, so it can be assumed that in the event of a price increase, only those people who have held for a long time and invested a decent amount will receive a big win.
Therefore, the money that you are ready to lose is the money that you can forget about for a few years. If you are ready for this, then maybe one day you will be a winner.

I would not describe bitcoin investments as the same as gambling in a casino. Ever heard the phrase “the house always win”? Casinos are designed in such a manner that the owners are always in profit even when you think you’re winning. Biycoin is decentralized so there is no owner or one body controlling the system, the same can’t be said for altcoins. One may describe buying altcoins as gambling because the risks are too great and historically there is a tendency of altcoins project to exit the market early.

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. 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.

Simply means that you invest money that won't harm you later, so it could be extra money in your pocket that if you spend, you still have some that you can get out of your pocket and you can eat 3x a days.

And so it's process, and really vary from individual to individual, maybe some of us can invest $100-$1000 without any issues with them.

But there could be investors that will start small and then later as they mature and learn more, grow their investments. Just remember though that investing involves risk no matter what.

Invest with the amount of money that you can afford to lose only means that what you want to invest on is highly volatile. That helps you to know how risky it is in what you want to invest on.

If you invest big and you make huge amount of money, that is your luck. Or you invest hugely in it and you lose, that is it. But you know already that you are dealing with a risky asset.

You should know how risky what you want to invest in is, research about the asset to know if that statement is entirely true or not, some investment are not that risky, while some are very risky.

Like bitcoin, when the price decreased so significantly, you know you have more precentage in success rate, unlike when the price is high.

About altcoins, you know how gambling they are.

but, i am a excellent saver(when no money in pocket then need to be a excellent saver), not waste money on entertainment, fast food, not have home to invest in for maintenance, not gone on any trips from my childhood,

also answer this question

I found it hard to understand your content sometimes. But if I understand it right this time, you are talking about the risk involved in investment and why we should invest what we can only afford to lose. Investing in Bitcoin or any other crypto has always been like wagering in a casino.

You are only advised to wager what you can afford to lose. Since profit is not always guaranteed in all Bitcoin purchases, we are advised to invest only what we can afford to lose, even though most of us don't take that advice seriously. To me, I don't invest based on what I can afford to lose; I invest based on what I am willing to hold onto for a long time without the need for that fund. No amount is considered useless to me, and no amount is considered what I want to lose.

Your English is kind of bad, but not to the extent that one can't understand it. It's just something you can work on yourself; sometimes you can give yourself a little self-tutoring, even if it means pre-reading your content over and over again before posting. I believe you can, on your own, figure out a few of your errors. I'm also constantly working on my own English to make it fit me best. 

imagine you eat fast food that costs 20units of currency. or you can make your own food at home for 5 units of currency

knowing your able to happily spend 20units on a luxury which just becomes a toilet flush/bowel movement tomorrow. means that you have wasted 15 units of currency.. and not cared about it

if you save up those 15 units of spare currency per time (you would usually want to waste it and not care). and instead invested it. you are then able to invest with money you are not afraid to lose

so think about all things you normally waste money on. fast food, vacations, entertainment. things that do not last beyond the time you consume/enjoy it. things you wont see again.

save that money by not spending on such temporary things and instead invest it

.. its not the best english but it is understandable. that is what is so great about english there are so many dialects

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 much 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.

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