Topic: Is investing more than you can afford to lose inevitable? (Read 491 times)

This is how I manage my money and I see this even working efficiently.
 - investment (40%)
 - holdings (20%)
 - necessities(30%)
 - others(10%)

I was focused more on investing and putting huge shares on there knowing that this is the only way to have financial freedom. I couldn't say this was beyond the limit, we could afford to risk more especially since we know that this could give us a passive return. I don't think this is like gambling that it needs luck, we endure this because we know ourselves that we can do it.

Although it is quit advisable to invest less than you can afford to loose. Which means that you must not borrow to invest. It is also improper to use money that is mapped out or budgeted for you or your family's basic needs such as feeding, medical bills, housing and others for investment. But sometimes when you are sure of making profit from an investment, you might be tempted to go beyond your limit. Although there is no investment that totally guarantees profit but there are some speculations, predictions or forecast that looks to solid to fail or too clear to be fake.   

Yes, it could be if you are risking money that you require to sustain. Nobody becomes rich in financial markets overnight. Risk money that is surplus. The market is infamous for volatility, and it is great at breaking people’s expectations.

What you can afford to lose today might be what you can afford to lose tomorrow because possibly the value might have appreciated.
As a thumb rule, besides investing in BTC and other coins, learn to convert your savings to stable coins like Usdt, especially for those of us who do not trust the conventional banking system. whenever you take your profit and you don't feel like converting into Fiat, convert it into Usdt and save for rainy days.

A stablecoin such as UST?

The statement of investing what you are willing to lose is beyond the scope of bitcoin. That statement has been in existence years before the creation of bitcoin. So, it is totally wrong to constrain its meaning to bitcoin and  its early adoption.
The fact is whether bitcoin is failing today or is lasting forever, you shouldn't invest what you can't afford to lose.
This statement originated from the stock trading, where trading volitile assets can be considered as gambling because you wouldn't predict accurately the next market move.
As long as you are sending fiat to something that isn't stable, that statement is for you. Bitcoin can only grow above that statement if it remains decentralized and secured but not volitile.

Technically, you can avoid investing more than you can lose by keeping part of your fund in stable coins (especially decentralized) and move the rest to bitcoin.
Moreover, no one is willing to lose any money even if it's a cent.

Edit:

I emphasised on decentralized stable coin. Maybe like DIA.

Yes. It could be very risky, especially if you are on a tight budget. So before investing make a plan. Beware of the risk. You should have something in your pocket for emergencies.

That is why its not wise to invest all your hard earned money as everything may end up not as what you expected, so its better to prepare for it than to feel sorry in the end.  For me, we can always choose to invest what we can afford to lose because that's always the right thing to do. Save and invest. You have to prepare for your investment funds first separate from your savings funds to avoid financial struggles if you fail in your investment plan.

In my opinion, the idiom "don't invest more than you can afford to lose" is still valid, but the reasons have changed.

Originally, it was not clear that Bitcoin had no fatal flaws, or that it would even work. It was an experiment. It was not wise to buy bitcoins with money that you could not afford to lose because the whole system could have failed at any time and for some unexpected reason.

Now, after a few near-fatal incidents and 12 years of improvements, the failure of Bitcoin itself looks very unlikely. However, much of the infrastructure and systems built around Bitcoin are still new and are still failing. So, the main risks now are the price of a bitcoin and the failures of the services around it.

• Hypothetically, if you buy bitcoins at $60k and hold them in your own wallet and a fall of the price to $17k will cause you hardship, then you should not invest. It could happen again, even at the current price.
• You should still consider that any bitcoin-related companies that hold your bitcoins or that you might invest with could lose, confiscate, or freeze your bitcoins at any time. It happens all the time.

As for other coins, they could fail at any time without warning. They should be considered to be experimental.

Some people may not consider this situation because they forget that they still have other plans for them to make besides just investing. That's why the advice is to invest the money you can afford to lose because we never know if we don't need the money we have invested here in the future.

It would be great if we have bitcoin earned from services or signature campaign that are not for sale, it is an investment for the future while other income from real work is to make ends meet and savings.

I tag Bitcoin a safe risk. Yes investing such amount in Bitcoin is similar to investing more than you can afford to lose but in real sense it is a worthy risk because no matter how the price of bitcoin falls it will always rise again. As long as the fund is not needed in a near future it is worth risking. Where i can't afford careless risks is in shitcoin and it's counterparts

I didn't expect the price of bitcoin to be below $11K-$12K it seems like it's really bad. It's certainly nothing new because I've been through two periods of halving. But if BTC's price is below that then it will ruin the halving cycle against BTC's price that once happened. Although I know at the moment I think many users are optimistic that BTC will again reach its highest price all the time. A slight difference also occurred in the previous halving period the state of the global economy was good. But this time interest rates are rising, macroeconomics is in trouble. That's at least what makes the difference, but my hope BTC is strong above the price you mentioned.

To beginners it is important they invest in amount that they can't afford to lose because bitcoin is risky and if the market go dip they won't be able to control their emotions.  But as for people who are already use to bitcoin they can decide to take the risk to invest in bitcoin more because they already have understanding of the market of bitcoin.

If you want to invest wisely, there are a few questions you should ask yourself.
1. Do I have extra money that I don't need for day-to-day living? It doesn't matter if it's $100 per month or $1,000 per month, whatever you are able to afford. Start with a small amount of money, and increase that amount gradually if you can.

2. Do I have a good plan on how to allocate the money I have?
It's important to decide how much of the available money to invest in which types of assets. For example, can you handle high-risk investments or will that be too much? What can you afford to lose? You don't have to expose yourself to high risks unnecessarily, it's just important to understand that lower risk also means lower potential return.

3. What time period will I invest, how long can I wait?
The best time for investing in crypto is today and for the next five years or so. But the shorter the time period, the greater the risk. As a rule of thumb, if you cannot wait a few years to receive the return, it is probably a bad idea to invest.

I invest little to no money into Bitcoin. I work for it occasionally and provide services in exchange for Bitcoin quite regularly. So my income from fiat remains a stash of its own and my Bitcoin is a different pool.

It's hard to manage fiat in the way that you can comfortably say I only need these $100, while the rest will be invested into Bitcoin. I am using those numbers because that's what was mentioned in OP. Things happen short-term where you need more money than you originally thought. Financial needs for you and your family change. You need to fix your house, you need to repair your car, buy a new TV because your kid broke the old one, get your daughter some bracelets, buy a new suit for work because there is a tear in the old one, etc., etc. How are you going to do that if there is no money in your bank?

Imagine you just started out investing when Bitcoin was $50-60k and because you didn't plan for future needs, you now need to liquidate a chunk from your portfolio to pay for something that has to be paid short-term. You would be making a huge loss selling your coins at $20k when you bought them at $50k.     

Investing the $300 out of $400 income is too much. How can you live for $100. If you have a family to feed $100 is not enough for foods and monthly bills.
Before you become paranoid of inflation of local currencies including usd, think that the prices of your daily needs will increase too.
If theres a growing inflation it's obviously and common sense that $100 is not enough for a month or half a month for daily needs.

Always follow the spend, save, invest rule. Most of your wage will be on your spends, inflation affects everything that you need to buy, that's why you need to make large portion of your earned money for spend and that would be 50% of it. Saving is 30% and invest only 20% of it. This 20% and 30% will depends on what risk control you are using in investment if invest > savings or the other way around.,

Someone put it this way- Don't invest what you can't afford to HODL. So if you are newbie please follow this line of thought. You know, one of the craziest reasons I heard for investing more than one can afford to lose is this, "if I don't invest the kind of money I cant afford to lose then I will never hit it big and strike it rich. if this is my one and only chance to make it in my life (which it is) I have to go all in" . Like they say different strokes for different folks isn't it? For this person, the banking system, with inflation and censorship isn't their problem. They just want to hit it big.

The historical pattern of repetition will not always be the same due to some serious economic problems. Some big investors like Microstrategy even almost liquidated their crypto assets, but they are still safe with some of their reserves. This is certainly a scary thing if you don't have good capital management. even microstrategy is almost liquidated, especially for small investors like us.

Bitcoin price is currently falling to a low of $17,708, this is proof that the 2022 crash is still not over. Either the crash will stop where, or it's the current low. but if you target $11k and $12k the crash will certainly continue.

Yes, if you look at the historical patterns, it means the periods of the last biggest rises and falls in the price of btc, 2017-2018. and 2021-2022, then we could even expect the btc to fall a little more now, maybe even to 11k or 12k, and then reach a new ATH of 245k in 2025.
However, I am not sure it will repeat everything like 2017-2018 because today is one of the biggest world crises in history and stocks are falling on all stock exchanges, while cryptocurrencies are falling even more, even big investors are liquidating crypto assets.
Obviously, many small investors will give up the crypto and come out with big losses, while profiting will be investors who can control their emotions, stay calm and thoughtful and hold their cryptocurrency in the long run and wait for the trend reversal and new ATH.
Nothing is inevitable but one should always be prepared for big market changes, big market ups and downs and know well when to enter and when to exit. Who knows how to recognize the right moments to buy and sell, for him only profit is inevitable.

It is better to have many investments like gold, real estate, crypto, stocks, etc. rather than keeping your spare money somewhere safe. My mindset is like your money should also generate more money. I don't say that saving is bad but if you have $1m as savings, I would invest some of it on the things I mentioned. Your $1m by the time you will retire if you don't invest on anything would not be much because of inflation unlike if you have a real estate in a crowded place, you can sell it at a high price and get double or even more of your investment.

Apparently that is what it is, each member or enthusiast with his or her own way of doing it, i have invested a lot of money in bitcoin and if i am to be honest it is not really money i can afford to lose, but my plan is for the long term, so i am not worried too much. I am also working, so i have a steady income, i am learning new skills too and studying different types of investment i can diversify into, all of these just creates more options and opportunities for myself, and i believe that is the correct way to go about things. Bitcoin is a fascinating phenomenon and i have a firm and unflinching believe in the network, and i know long term in will all be worth it, both for those who want to easily use it as a currency in numerous places, and for investors too.

I don't feel that way. When I want to invest in high-risk asset , I firstly put some money aside for this. I would never forget about my investment plan and my goals. I'm a firm believer in setting realistic goals for myself. That way I'm sure I won't invest more than I can afford to lose.

Well, I can relate to that. I'd say that I'm cash broke and majority of my investment is in bitcoin these days and some altcoins. It's because due to my past mistake of selling at a lower price before the bull run came and that's a regret that I've been learning from.
We all have our own techniques in investing and difference in tolerance based on how much we like  to invest. If you know that you can take the risk, you'll be unstoppable and investing more than you can afford to lose. But, that's okay because your plan is for the long term.

Investment is base on what you can you not think about twice after investing, i know that it is good to make a specific amount of funds you can invest and it vanishes you won't think of it twice or you won't demand it back. That is why it is good not to borrow to invest in any platforms because if you do and you lost your funds, you now have a double load of payment and it can caused high per tension to some himan beings that HBP. What op analysis is nice advice to new people that want to go new in investment

This could have been avoided in it entirety but because of thier negligence to be cautioned and over ambitious to wealth and fortunes makes many investors go extra miles in making investment on the wrong coins and at the wrong time, if one must invest then it should be from the profit realized from the previous investment as such is expected to return back for an investment just to replicate it kind, and nevertheless we must never forget that investment need a maturition time you yield return and same applies to the risk therein to loose from it.

You didn't get the concept. I only invest a certain percentage in crypto and retain the rest which does not include living expenses in decentralized stable coin.

Not all stable coins are centralized. There are decentralized stable coins and Dai is one of them and it's popular.
I guess you understand how one can save in crypto and still avoid volatility and yet remains in the decentralized system.

Les look at it this way; there are different aspects to an investment in the crypto space. Either your buying be it bitcoin or altcoins to hodl, trade or maybe come up with a project, a gambling site and what have you. The language never changes and it remains you "investing what you could afford to loose ". Which ever way you chose to ho about it, what you put in becomes what you can afford to loose as far as this principle is concerned and your surely going to part ways with it should the investment go south.
Fiat undergoing inflation and more being same of its downside, bitcoin has still got the bearish market where relatively all coins get devued and so, you've got something to be pained about too. No where is completely safe always and so, you've just got to do that which is more convenient.

Invest for the amount you can afford to lose, it is not only about the possible losses you will incur due to market fluctuations but also about the possible loss of your assets from the wallet due to not having good security regardless if it is due to hacking or losing access to the wallet.

The OP needs to learn when is the right time to buy and hold it long term as an investment asset, but he has to learn about how to secure his wallet long term. So we both need to know that the risk of investing in bitcoin is not only about price fluctuations, but also about wallet security which is 100% the responsibility of the user himself.

It's really nothing to worry about. I went through several Phases of bitcoin crash since

2017 bitcoin crash up to 43% hit a low of $11,100
2018 was bitcoin's craziest crash, dropping 83% to a low of $3,140
2019 Down 53% to $6,430
2020, no less crazy, down 72% to a low of $3,860
2021 down 55% to price $28,600
2022 it drops to a low of $20,178.

Now just need to calm down and add bitcoin assets for the long term until a new ATH is reached.

Not really. I don't know. Perhaps if you're that convinced of Bitcoin, you don't really believe that you're gonna lose, that is, despite the most severe of bear markets. Or it just seems to me that the more you believe in Bitcoin and lose trust in fiat, the more you take the risk. And that which you can afford to lose grows higher and higher that even if you're 90% invested in Bitcoin, it seems you can afford to lose it because it's Bitcoin, and you somehow feel assured.

I hope I'm betting on the right thing, though. But to those who've been through 2018 and survived, what's happening right now is nothing worrying.

Your example is the opposite of most others, as most invest only a small portion of their income in Bitcoin and spend the rest of their money on regular living needs. Another misconception is that by buying more and more Bitcoin you will have more and more money in your wallet, because the value of that BTC can change at any time - so someone who bought BTC at $40k is today at a loss of as much as $20k if decides to sell.


Everything spent on things like cigarettes, alcohol, and even coffee is in some way lost and wasted money, and even going to expensive restaurants or visits to cinemas, considering that I have top-quality TV at home and can prepare the food I want, all with considerable savings. All the money I save that way can be invested in Bitcoin or something else, and that money is always something I am willing to lose at any moment since I know how I saved it.

Exactly what I meant, there are some assets that are not worth it to invest into, some are just like ponzi schemes and some are like real casino and sport gambling, I mean highly how risky they are. But assets like bitcoin, you can still make more research, being patient, allow bear market to come and invest. As bitcoin has dropoed from all-time-high which was $68900 to $21000, that is a high drop for people not to miss another upcoming bull market, people that invested at $30000, should not also sell because bitcoin can not remain below $30000. In short term, bitcoin dropped but since bitcoin was created, up to 2021/2022, it always reach all-time-high, but it has period for this. The long term profitable assets like bitcoin and very low risky businesses, the rule does not apply at all, people will always want to make profit form such asset like bitcoin, although, experienced people will have a kind of investment regimen that will make them to invest appropriately and at the right time to maximize their profit.

Thank you Darker, you got a complete hang of what the thread is all about, i am sure many of us invest more than we can afford to lose because of inflation and the loss of trust in the banking and traditional financial system, but we still advise others not to do the exact thing we are doing.
So can we then rather say that: you can invest what you can't afford to lose if you have the ability to control your emotions and not be affected by bear markets and plunges? But if you can't do that, invest only what you can afford to lose.
This is another way of saying invest only what you can afford to lose, but honestly how many bitcoiners can say fuck it if they lost all of their money in bitcoin today, i can't and i am so sure many of us here, maybe including you too Ddmr can't say that too, not that we may commit suicide or something, but we will be so damn affected by the loss, so are we investing more than we can lose then?

As usual, the threshold associated to the mantra is customized to the person based on multiple factors: current portafolio, income, expenses, expectancies, risk tolerance, preferences, responsibilities, economic freedom within the household, and so forth.

In general terms though, I’d be comfortable by assigning an amount that, if worst comes to worst and it is eventually lost, you can simply say fuck it and continue with your life without any real remorse nor significant impact on your finances.

I did (specially with this or that crap of a coin/token)... I could have gone in way further, but I wouldn't have felt confortable, so I did say fuck it and that was that.

"Don't invest more than what you can afford to lose"

If you invest more than what you can afford to lose, what will you do when you actually lose it all? Suicide (don't please). However, if don't suicide and you already are bankrupted because over betting, what should you do next?

Back to work, from zero and even with lot of debt. You will have a long time to recover from your lose and repay all of your debt.

I think an advice like "Always invest with your own money and don't invest more than what you can afford to lose" is better advice.

Although kind of overused, that invest only what you can afford to lose is probably not being observed by a lot of Bitcoin supporters. But how much is that which a man could afford to lose? If half of somebody's wealth is into Bitcoin, could he/she afford to lose that? I don't think so. If a quarter? Still not.

I myself is heavily invested in Bitcoin and in the highly unlikely event that Bitcoin goes to zero, the first thing that I'd be doing is to update my CV and look for a job. And I guess there are a lot of people who have also gone into the rabbit hole too deep. But who can blame us? Fiat has been rampant with abuse.

I guess this advice is perfect to newbies, to those who have not cast the die yet, to those who are still emotionally affected by bear markets and dips. But there are some who have crossed the Rubicon and it's either a million or zero for them.

In my opinion, I think it could also be the same as invest what you can afford to lose if you say that after dividing the money you earn like food, bills, clothes and other expenses then the rest will be for investment. Why would I say it is the same?. Because, you already have money for the things that you need as explained above so, the rest of the money left would be your pocket money as I call it or spare money then it means that you can afford to lose it. Just invest what you can afford to lose. For example, I earn $1000 where $200 is for the food, $300 for water and electric bills, $200 for clothes and $100 for fuel/gas then the rest will be for investment which means you can afford to lose it.

Because many people invest and think that after a month they can cash out their profit knowing the fact that Bitcoin is very volatile and there's no time frame when the profit will come.  There's no need for you to borrow money and invest in Bitcoin hoping it will double the profit, just what you can afford to lose and don't invest that supposedly the budget for your daily needs or for the foods on the table.

Bitcoin is profitable if you're willing to wait for the perfect time when the bull trend will come, there will surely be a high return.
What I've noticed to gain reward is only sell when your profit was surely there and don't sell under the price where you've bought it, IMO.

Where do you send it to, your fiat bank account, or saving it in crypto, either bitcoin or some other coin?
Stable coins are centralized, so i guess you invest the remaining in a decentralized coin like bitcoin that is volatile, how then aren't you investing more than you can afford to lose, when you only keep a certain percentage for your daily expenses, and the rest are invested in assets that are risky. You know every investment has its risk right.
I know that bitcoin is for the long term, but the warning of "don't invest what you can't afford to lose" borders on both long and short term, as it saves you from running into trouble in both terms, your post looks to be in agreement that it is inevitable to avoid investing more than you can lose with bitcoin.
My post is about if it is possible to avoid investing more than you can afford to lose as a bitcoiner. Are you in other words saying there are right times to do so? You also know that no matter how much analysis or studies you make it is difficult to game the network and get it right on time or perfectly, what if the time you feel is perfect turns out not to be, and you already went in with more money than you can lose. I am asking to know how people go about these thing as many no longer trust the banking system, do they just keep buying bitcoin, leaving only what is necessary for their daily expenses in their bank accounts, isn't that investing more than you can afford to lose?

I think this sums up your whole post, OP.

While the phrase "invest more than you can afford to lose" sounds compelling at first, you must always follow this with proper logic and common sense. Again, investments are investments- meaning you only delve into investing if you have the extra cash AFTER you have paid all of your obligations to yourself or to your family.
 
In the example that you provided, you took $300 out of the $400 that one earns per month. While this may be the case of "invest more than you can afford to lose," still, $100 for the whole month seems very impossible for an individual and financial problems would kick in this kind of example. Follow investment with logic- only invest the amount that you are willing to set-aside for future transactions.

You can spend and invest more than you can afford to lose, perhaps it was your choice but never you'd think it was a smart decision as you are dealing with a high-risk investment. Rich people have a lot of money and a lot of resources that is why they are not afraid of spending more but for poor people, that is something different. Putting to the instance that if we have to spend everything we have, what had left us in case our investment fails? It is very important to think wisely and to think not just by today but also in the following days. This is not about thinking the negative but we also have to make ourselves prepared for it.

I doubt it as you have the full control on your funds and it’s your own choice if you invest more than you can afford to lose or just invest a small amount enough to lose. I think the best solution to avoid this is you only invest into another investment if you have made profits already in your first investment. Get back your capital and invest your profits only and roll it through diversifying.

I think this serves only a guidelines for newbies to not go full when they aren't used to the market but if you are in this market for a long time that saying is less likely you were going to follow. Bitcoin investment may be risky but if you know what you doing then you proceed to invest as much as you can or buying the dip as much as you can since you already have a plan that you will be holding your investment for a long time.

And as what people are saying, the more it's risky the more rewards you will get.

Yes, this is very popular.
Actually, everybody will have their own rate or ability to afford it.
For me, for the first-time investment, I will only use free money in which I am able to let the money if they are lost when investing. Free money means that I will not use the money for other necessities. that is why as a beginner at that time, I only spent a few amounts of money on the investment. And of course, I will not take a high-risk investment of new coins or tokens.
So, when it's lost, there is no big problem.

After getting profits, I will use the profits to save, the purpose is that I can collect the profits until at least the capital that I spent at first.
So, if later, I get more profits, this is a bonus. But if there is no profit anymore, at least I have got the capital again or I only lose a few. and this is growing with some percentage of profits that sometimes I take to add capital for investment or trading.
I know that managing money for investment and trading is not easy, I learn from many mistakes actually. You will also do it later

If you talking about Bitcoin if you invest in Bitcoin there is a possibility to lose profit that is why most other people said invest only what you can afford to lose because Bitcoin and other cryptos are too volatile and not stable as dollars unless if you are holding stable coins like USDT/USDC.

However, if you know the right time when to invest in Bitcoin then what you can only see is profit. Like others including me, blockhalving is the right time to invest but if you believe in Bitcoin right now you can start investing in Bitcoin and hold them tight for a long period of time but expect for price drop this coming few months.
What I would like to learn is that Bitcoin is volatile and you should learn to do some analysis on when is the right time to buy.
My tip is read the Bitcoin price history on Wiki you can find it here https://en.wikipedia.org/wiki/History_of_bitcoin then scroll down.

I prefer it this way, trade with what you can afford to lose, because traidng is highly risky.

Invest what you can afford to lose on altcoins, because they are more volatile and many are not reaching all-time-high or taking more time to reach all-time-high, many become shitcoins and many become dead. Even many become pump and dump and many are just fake.

Bitcoin reach all-time-high in 2013, 2017, 2021 unlike many other cryptocurrencies (altcoins), it can be an investment for many people if it continuously reaching all-time-high unlike many altcoins. That is why you can see some people prefer to still hold bitcoin as well.

But bitcoin is a speculative asset in short term while a store of value in long term. Because of the speculative value of bitcoin and volatility, some people still prefer to advice people to invest with the amount they can afford to lose. But in long term, profit will be the result. If someone carefully study about bitcoin price history, bitcoin gives opportunity to be store of value in long term and also an investment asset, but volatility can make novices to fomo and sell in loss at the wrong time.

Real estate is a business and people see it not as risky as investing on assets like coins, the rule may not apply. It depends on how risky an asset is, there are some businesses that return are more guaranteed if legit.

But we should not forget that in life, almost all are like gambling, but the risks are better in one than another and some make profit certain than another.

Truly it is better to play risky but yet maintain safety than having the opposite for an experience, many people even forget the risk associated in cryptocurrency and focus much on their selfish desires to make morr profit at the expense of others loosing but wouldn't admit the same situation come all over on them the same direction it started from, risk is the major key and we all fall a victim when we got over excitement of a particular cryptocurrency which is too real to believe.

Good question, I will reply based on how I go about mine, others may have their own approach.

I know how much I earn per week or month. I send a certain percentage to my local bank account and that is for my living expenses.
I then send a percentage for my investment, which is steady but little. The remaining percentage will remain in my portfolio as a stable decentralized coin. It keeps growing for projects, other investments.
By this, I do not save in fiat and I do not also investment more than I can lose.

Invest only what you can afford to lose is a very popular phrase for bitcoiners, but how do you manage to do it, many bitcoiners have lost fate in fiat currencies because of inflation, so they do not consider banks to be an option for holding. Some people say they only keep what they feel will be sufficient for them per month, and invest the rest of their income, will that not be investing more than you can afford to lose?

If i earn $400 for example, and i keep a $100 and invest $300 in bitcoin, with time my bitcoin will grow and i will have so much money in my wallet, but no money in my bank, and this is exactly how people claim they go about things because of inflation, isn't this investing more than you can afford to lose? And if you are in for diversification, and in addition to bitcoin investment you put some of your money into real estate, gold, and the rest, and only keep what can sustain you per month, isn't it investing more than you can afford to lose?

How do you go about this personally? I am asking because many people especially bitcoiners do not trust the banking system, with inflation and censorship problem, in that case does it mean that investing more than you can afford to lose is inevitable in this current system? Because your money is somewhere else, either bitcoin or other investment.